Thursday, June 23, 2005
Democrats finally confront the Social Security financing crisis.
Some of them do, at least ...
Broke and without enough money in the bank to pay its bills after the end of the month, the Florida Democratic Party has now been slapped with a lien by the Internal Revenue Service for failing to pay payroll and Social Security taxes in 2003...Ah, so when it comes down to a bottom-line choice, even Democratic politicians know where they want their money to go. Come the day when the trust fund bonds must be paid off, ramp up this effect by about $5 trillion.
... a member of the party's budget and finance committee said the party's 2003 year-end audit showed $609,032 cash on hand. He said it netted $586,986 in 2004 when it raised about $18 million.Easy, political math. Of course I want these politicians managing nationalized health care for us all!
"I don't know how you start out with $609,000 and raise a net of $586,000 and end up with $269,000," he said. [AP]