There He Goes Again

Asked as to whether he would cut Social Security to balance the budget, President RONALD REAGAN had this to say,

“Social Security, let’s lay it to rest once and for all; I told you, never would I do such a thing. But I tell you also now, Social Security has nothing to do with the deficit. Social Security is totally funded by the payroll tax levied on employer and employee. If you reduced the outgo of Social Security, that money would not go into the general fund to reduce the deficit. It would go into the Social Security trust fund. So Social Security has nothing to do with balancing a budget or erasing or lowering the deficit.”

So when the current litter of Congress-critters threaten to eviscerate Social Security they should know that they are violating the holy writ as spaketh by the great Patriarch. Or then again maybe Ronnie was a dastardly Liberal.
You can listen and view President Reagan at http://www.youtube.com/watch?feature=player_embedded&v=ihUoRD4pYzI
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