The window to my world

But I agree with Paul Krugman on his blog post:

“Except, you know, really it doesn’t. Let’s say the administration finds $100 million in efficiencies every working day for the rest of the Obama administration’s first term. That’s still around $80 billion, or around 2% of one year’s federal spending.”

This is in regards to President’s Obama plan to  cut spending by $100 million. Spending needs to be cut far more then that to make a difference.

For those of you that care, and anyone living in the United States really should care, the Social Security surplus vanished in February. In that month Social Security paid out more in benefits then it took in via payroll taxes.

I’m sure the economic downturn had something to do with this. The hope should be that once the economy picks back up the surplus will return. If it does don’t count on it being long term. To those that kept chiming that Social Security would be fine until the 2040′s, who is the joke on now? That’s right, the United States taxpayers.