How ironic! The part of the government that has accumulated a healthy surplus over the course of its 75-year history is under consideration for a cutback by Congress to offset the growing deficit incurred by the rest of the government [“Lawmakers ready to weigh entitlements,” front page, April 16].
It is hard to believe that the Social Security Administration, which has accumulated a surplus of more than $2.5 trillion by collecting more in taxes than spending in benefits, is now a prime target for spending cuts. It seems this is one of the few issues on which the Obama administration and the Republicans in Congress agree. To be sure, future projections of the Social Security budget indicate that, under current rules, that surplus will be exhausted in about 20 years. But why the rush to begin cutting now?
Republicans are often accused of protecting the rich, but not apparently within the government. The rich part of the government is being asked to pony up for the poorer parts.
Albert Arking, Potomac