Author: Papa Giorgio

NOT 2016! permanent deficits THIS YEAR!

Published by Papa Giorgio

HotAir:

The Congressional Budget Office said Wednesday that Social Security will pay out $45 billion more in benefits this year than it will collect in payroll taxes, further straining the nation’s finances. The deficits will continue until the Social Security trust funds are eventually drained, in about 2037.

Previously, CBO said Social Security would start running permanent deficits in 2016. In the short term, Social Security is suffering from a weak economy that has payroll taxes lagging and applications for benefits rising. In the long term, Social Security will be strained by the growing number of baby boomers retiring and applying for benefits.

ABC-NBC-CBS Agree~Obama Reaganesque

Published by Papa Giorgio

NewsBusters has this story about the main three news orgs mentioning that they thought Obama sounded like Reagan:

I just want to point out that the media hated Reagan, thought he was a dummy, believed him to be incompetent, and the like (search through these videos for examples). One comment left on the NewsBusters story is this:

So Obama sounds like someone the media Hated……………………HMMMMMMMMMMMMM?

Very funny.