BasharOfTheAges wrote:Strictly speaking, neither is, Social Security is fully funded by it's own investments; it has it's own internally balanced budget, using its revenues to pay its debts. Governmental budgets don't necessarily work like that, though. Just because you bring in as much or more than you spend as a department, doesn't mean your revenues are your own. That money could be taken in times of need and spent elsewhere. Since the paying of Social Security checks is dependent on having money to do so, and the need to pay off debt interest was deemed a higher one to keep a good credit rating, there was a chance that some or all checks would go unpaid. The president couldn't guarantee what would or wouldn't be paid because that wouldn't be his decision to make.
Both statements were true, albeit somewhat vacuous.
Appreciate the clarification. You said more in one paragraph than any politician could do in entire speeches. Contrary to my usual belief, I guess they can have it both ways
Hey Bashar, I found the website PolitiFact this morning that I quite like, do you think it's worth staying updated with?
I especially enjoy their Truth-O-Meter. Do you think it's credible?




