"On paper Social Security is solvent, but if you look behind the curtains it's not."
Udall evidently didn't make much of an impression on the CNBC team who couldn't be bothered spell his name correctly: Debt deal meetings are underway, with CNBC's John Harwood; Sen. Mark Uduall, (D-CO); and Sen. Ron Johnson, (R-WI). But Udall said plenty that the reactionary host and Udall's Republican/Tea Party colleagues could agree with. The phoniest statement from our Senator was the following:KUDLOW: Senator udall, how would you recommend that we deal with the social security problem?
SENATOR UDALL: Larry, look, Social Security on paper is solvent, but if you really look at the creditor, the Treasury owes social security administration $3 trillion. And we either to make good on that obligation have to print more money or tax Americans in additional ways.
Notice the dodge here: - If Treasury owes Social Security then it's far more solvent than Udall can admit and hold to his story.
- "Make good on the obligation or..." Or?!? The Senator doesn't want to pay that $3 Trillion back to Social Security; and he wants the Gang of Six to give him a free pass to renege.
- And the last thing anyone in Washington can admit is that we need to tax millionaires and billionaires their fair share again. Maybe udall has been talking to Jared.
This lie was so critical to Udall's argument he had to repeat it. The truth is Social Security is solvent thru 2027 2036 on both "paper" and in real numbers. Mark Udall pleased the heavily tilted panel yesterday. And he's mouthing all the Washington, DC conventional wisdom that is putting a stranglehold on the middle class by threatening Social Security, Medicare and Medicaid.
Senator Udall proved during this appearance that he's a Democratic who is afraid to be democratic, a Leader afraid to lead, and a Legislator who is afraid to legislate. He's not a crude as Gang of Six member Tom Coburn who is just another Alan Simpson. But he'll get a pat on the back from those who will never be waiting by the mail box for their checks, but his lies about Social Security should not go unchallenged. Even young voters are starting to fear the actions of those like Udall.
That's why I put the lies here in black and white and linked to the video here. So those who have to know how his name is spelled - Colorado Voters - will know what he is doing to them in real time while talking to Lawrence Kudlow and others who don't give a rat's ass about Coloradans or Social Security.
(UPDATE: Added several links and fixed SS solvency date.) |
