- Jun 18, 2009
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Fucking Moron. I said you and the progressives did not care about SS and medicare because you won't do anything about them and use them for a political weapon.I did....remember the argument.....liberals support ss and medicare...Yeah...the problem is.....it is still treated as "on-budget".......Like I said.....never correct about anything.
In this case yes he is.
Social Security History
The Social Security Trust Fund has never been "put into the general fund of the government."
Most likely this question comes from a confusion between the financing of the Social Security program and the way the Social Security Trust Fund is treated in federal budget accounting. Starting in 1969 (due to action by the Johnson Administration in 1968) the transactions to the Trust Fund were included in what is known as the "unified budget." This means that every function of the federal government is included in a single budget. This is sometimes described by saying that the Social Security Trust Funds are "on-budget." This budget treatment of the Social Security Trust Fund continued until 1990 when the Trust Funds were again taken "off-budget." This means only that they are shown as a separate account in the federal budget. But whether the Trust Funds are "on-budget" or "off-budget" is primarily a question of accounting practices--it has no effect on the actual operations of the Trust Fund itself.
If were off budget as he claims, then Obama (or any President for that matter) would not have the authority to stop payments to the retired because the government did not have any funds......
Taxes and the Budget: What does it mean for a government program to be "off-budget"?
In the late 1960s the federal government adopted a unified budget that included trust fund operations along with budgets for almost all other federal activities. Since then various agencies have attempted to escape budget discipline by moving off-budget, but most have been brought back under pressure from advocates for fiscal responsibility. Today there are only two off-budget entities that were once on-budget: the Social Security system and the U.S. Postal Service. In the case of Social Security, only the trust funds (for Old-Age and Survivors Insurance and for Disability Insurance) are off-budget; administrative costs are on-budget. The Federal Reserve System and the various government-sponsored enterprises (GSEs), such as Fannie Mae and Freddie Mac, have always been off-budget.
- Social Security was temporarily taken off-budget by the Gramm-Rudman-Hollings Act of 1985, and its off-budget status was made permanent by the Budget Enforcement Act of 1990. There were a number of reasons for taking Social Security off-budget:
What does it mean for a government program to be "off-budget"?
Please post your evidence to the contrary.
Since we know that medicare is not only in the letter of the law, but treated as on budget...it is not locked away from political meddling..
We see that SS is also used as a political tool in both the budgetary process and in party posturing....
REAL support for SS AND Medicare would place both programs beyond the reach of any political party by ensuring that NO BUDGETARY process includes the two programs....
In other words, no party, in no branch of government, could touch the money in these trust funds.......for any purpose.....
Do you support that? If so, I'll grant that YOU may be right on this single, limited issue.....but you'll have to provide Me background in the form of past posting history as well as votes for politicians who support that policy.
NO, you said SS was on-budget and you were wrong.
You're stupid.
Get fucking bent loser.