By: LarryG
@James – you are aware that Medicare Part B also has a trust fund – right? and you realize that Part B premiums that people pay go into that trust fund and then are paid out as benefits? right? did you...
View ArticleBy: James
Yes, absolutely right. In terms of current, and past deficits, social security is not affecting that. It is the future demographics that are the problem. More so with Medicare. Interesting that you...
View ArticleBy: LarryG
” Hopefully we can at least agree that social security has not been contributing to the debt, but instead has been actually contributing to the general fund, to help make the finances look better than...
View ArticleBy: Mike P
Larry You are only half right. As a military retiree I pay for my health care, and it isn’t the greatest. My retired pay as you call it is retainer pay, yes we can be recalled to active duty and all of...
View ArticleBy: LarryG
re: military benefits I’m not advocating reducing it any/more or less than any other entitlements but I AM pointing out that the military ALSO pays entitlements AND there ARE unfunded liabilities...
View ArticleBy: George Christy
“Even if you include interest savings, 60% of the debt reduction comes from tax hikes.” James, I guess you haven’t read my book yet? That’s OK, everybody is very busy. I don’t want to split semantic...
View ArticleBy: TomM
It’s too bad that someone publishing a comment under the moniker “The Economist” seems to claim some authority over something so simple … but the comment is so obviously incorrect, it could not have...
View ArticleBy: Doug Neal
Social security was in the red by $36 billion in 2010 and will be in the red for the next 20 years. Since there is no lock box of cash it is indeed adding to the deficit! Yes, the lock box has T-bill...
View ArticleBy: Doug Neal
Why SS should be considered in current debt discussions: “Social Security Trust Fund is a Fraud” http://gulfcoastcommentary.blogspot.com/2012/11/social-security-trust-fund-is-fraud.html Good luck!
View ArticleBy: LarryG
re: ” Social security was in the red by $36 billion in 2010″ yes.. because of the temporary 2% payroll tax “stimulus” cut that is going away. but compare and contrast 36 billion with a trillion...
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