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Funny how you don't account for the national debt. It really doesn't matter where our federal income taxes go.............the national debt alone is so out of control that servicing the INTEREST on that debt crushes economic growth and any semblance of economic recovery.
Romney will promise whatever he thinks will get him elected and deal with the consequences then.This calculator is ample proof that Mitt Romney is full of shit when he promises to balance the budget after cutting taxes and increasing defense spending,
by cutting everything else.
This calculator is ample proof that Mitt Romney is full of shit when he promises to balance the budget after cutting taxes and increasing defense spending,
by cutting everything else.
With the exception of 1994, 2009, and 2010, S.S. tax collections have exceeded benefits paid for each year of the last two decades. Also the total S.S. tax collections have exceeded benefits paid for the two decades. The future of course does not look as bright as the past.Social Security benefits 20.3% of my Tax Dollar
SS was a Government Promise that is would be Self Sufficient
I bet 100.00 Obamacare will not be Self Sufficient as Promised either
.
Romney will promise whatever he thinks will get him elected and deal with the consequences then.This calculator is ample proof that Mitt Romney is full of shit when he promises to balance the budget after cutting taxes and increasing defense spending,
by cutting everything else.
Cutting Social Security would make little difference in the deficit because you would have to cut S.S. payroll taxes which are paying 96% of the cost of the benefits paid. In 2010 637 billion was collected in S.S. taxes and 701 billion was paid out in benefits. Over a 20 year period more money has been collected in S.S. taxes than paid out in benefits.This calculator is ample proof that Mitt Romney is full of shit when he promises to balance the budget after cutting taxes and increasing defense spending,
by cutting everything else.
We need to cut defense spending and social security. Social security has morphed into something it wasn't meant to be, I mean foster kids, for example, get social security from the day they are born until they day they die. What the hell for? And that's just one example.
I will cut the deficit by half in my first term.
"The Republican-controlled House of Representatives, which took office in January 2011, has enacted federal spending bills under which the national debt has increased more in less than one term of Congress than in the first 97 Congresses combined.
In the fifteen months that the Republican-controlled House of Representatives--led by Speaker John Boehner--has effectively enjoyed a constitutional veto over federal spending, the federal governments debt has increased by about $1.59 trillion."
"I have previously spent a lot of time blaming Barack Obama and the Democrats for this, but the truth is that they could not have spent a single penny without the approval of the U.S. House of Representatives. So the Republican Party is complicit in this crime against the American people. If there was ever a mandate to take a stand against runaway government debt, it was after the 2010 election, and the Republican Party has failed miserably."
Social Security benefits 20.3% of my Tax Dollar
SS was a Government Promise that is would be Self Sufficient
I bet 100.00 Obamacare will not be Self Sufficient as Promised either
.
Now you can't tell me that not a single tax payer dollar goes to the wh or to the congress, who do the fuck do you think supports them? coca cola?
"What should be done about the economy? Republicans claim to have the answer: slash spending and cut taxes. What they hope voters wont notice is that thats precisely the policy weve been following the past couple of years. Never mind the Democrat in the White House; for all practical purposes, this is already the economic policy of Republican dreams.
So the Republican electoral strategy is, in effect, a gigantic con game: it depends on convincing voters that the bad economy is the result of big-spending policies that President Obama hasnt followed (in large part because the G.O.P. wouldnt let him), and that our woes can be cured by pursuing more of the same policies that have already failed."