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We Are STILL Dancing Around The Issue (Greece); entered at 2012-05-25 12:41:11

Checkthisout
Posts: 167
Registered: 2010-10-01 Cary, NC

I'm surprised nobody mentioned this USA Today article yet. It was linked on Drudge yesterday. This backs up what KD has been hammering on forever.

http://www.usatoday.com/news/washington/....

Here's the meat:

Quote:

Jim Horney, a former Senate budget staff expert now at the liberal Center on Budget and Policy Priorities, says retirement programs should not count as part of the deficit because, unlike a business, Congress can change what it owes by cutting benefits or lifting taxes.

"It's not easy, but it can be done. Retirement programs are not legal obligations," he says.

2012-05-25 12:41:11


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