Democrats vote for borrowing from Social Security Trust
Quote:
DEMOCRATIC PROMISE #14: No More Borrowing from Social Security
Promise: “We will not borrow the money from the Social Security trust fund and from other creditors around the world.”
– Rep. Rob Andrews (D-NJ), House Floor Remarks, March 28, 2007
Broken Promise: 215 Democrats, including Democratic Rep. Rob Andrews (D-NJ), voted “NO” on a Republican proposal to prohibit increases in authorization spending levels if the Social Security surplus has been spent the previous year.
– Roll Call Vote #300, May 3, 2007
http://republicanleader.house.gov/br..._families.html
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Quote:
U.S. Senate Roll Call Votes 110th Congress - 2nd Session
as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate
Vote Summary
Question: On the Amendment (DeMint Amdt. No. 4328 )
Vote Number: 65 Vote Date: March 13, 2008, 06:08 PM
Required For Majority: 1/2 Vote Result: Amendment Rejected
Amendment Number: S.Amdt. 4328 to S.Con.Res. 70 (No short title on file)
Statement of Purpose: To provide for a deficit-neutral reserve fund for Social Security reform.
Vote Counts: YEAs 41
NAYs 57
Not Voting 2
http://www.senate.gov/legislative/LI...n=2&vote=00065
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Just about straight down party lines, the Democrats have voted against bills that would create a deficit neutral social security trust fund.....WHY?
Quote:
Barack Obama's Plan
Protect Social Security
Obama is committed to ensuring Social Security is solvent and viable for the American people, now and in the future. Obama will be honest with the American people about the long-term solvency of Social Security and the ways we can address the shortfall. Obama will protect Social Security benefits for current and future beneficiaries alike. And he does not believe it is necessary or fair to hardworking seniors to raise the retirement age. Obama is strongly opposed to privatizing Social Security.
Obama believes that the first place to look for ways to strengthen Social Security is the payroll tax system. Currently, the Social Security payroll tax applies to only the first $102,000 a worker makes. Obama supports increasing the maximum amount of earnings covered by Social Security and he will work with Congress and the American people to choose a payroll tax reform package that will keep Social Security solvent for at least the next half century.
http://www.barackobama.com/issues/socialsecurity/
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So why does he vote to keep deficit borrowing against the fund if he's so concerned about it's solvency?
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Last edited by Professor Peabody; 07-17-2008 at 12:08 PM.
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