Tech_Esq
Sic Semper Tyrannis!
Technically speaking, Social Security has added $400,000,000 to the national debt in the past six months, but...fyi, social security HAS NOT ADDED ONE DIME to our national debt...social security has been in SURPLUS and those surplus monies were used to balance the budget that income taxes should have paid for.....
Not a dime of our existing debt is from social security overspending on retirements....the debt is from congress overspending on the general budget and not collecting enough INCOME TAXES to pay for it.
...as you say, Congress has robbed the Social Security fund of far more than $400,000,000 over the past three decades.
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I don't blame the people who are receiving Social Security, because they damn well already paid for it. I blame the Congressmen who have stolen their hard-earned money over the past thirty years.
NO it has not added to the national debt. Paying social security BACK for the money congress borrowed from it IS NOT SOCIAL SECURITY causing the debt....social security collected enough social security taxes to pay for a few more decades worth of social security....
the shortfall just means they have to collect from the trust fund of surplus...
Which in turn means congress has to start paying BACK what they borrowed from social security to pay for their spending spending spending on ALL ELSE....
social security is NOT causing the deficit, but spending like drunken sailors is....
So what you are saying is that all these people that have been running about worrying about the health of social security for the last 3 decades were full of shit, right?
http://en.wikipedia.org/wiki/File:Medicare_&_Social_Security_Deficits_Chart.png
You do know that 70% of the budget each year is entitlement spending like Social Security. Only 30% of spending is everything else. This graphic is recent and there for slightly skewed because of the addition of TARP and increased military spending because of Iraq and Afghanistan.
http://en.wikipedia.org/wiki/File:U.S._Federal_Spending_-_FY_2007.png
But you can see from this that non-discretionary spending is the largest portion by far of the yearly budget. In addition, most people include the interested payment on the debt in the non-discretionary column. You can see from the graphic, if you add all these together, what ever you do with discretionary spending is a drop in the bucket.
Not sure why the images aren't working.
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