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Mitt Romney held a surprise press conference and, even more surprisingly, busted out a white board and attempted to explain his tortured position on Medicare. When you go to this piece from Think Progress, which dissects the lies, remember this: Despite Wall Street and right-wing misinformation, Social Security, which is funded by the payroll tax, DOES NOT contribute to the deficit. In fact, the Social Security Trust Fund today, according to the Social Security Administration, has a $2.7 trillion SURPLUS and can pay 100 percent of all benefits owed to every eligible American for the next 21 years. Furthermore, unlike the huge commissions paid out to Wall Street firms, Social Security is run with very modest administrative costs. BALD FACED LIES CONTINUE!

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At thinkprogress.org


 

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