Dr Kynes
Well-Known Member
Even if you're right, and Social Security has been adding to the DEFICIT since 2010 (those figures are less than 2% of the deficit for those years) his claim about 60% of the DEBT is still ridiculous.
Not that I think you're right, but you might be.
I have not confused debt with deficit. If a thing does not add to deficit, it can not add to debt.
thats not a matter or ME being right or wrong, that comes directly from the Trustees (who if anything would understate the problem)
when taken as a whole, SS and medi-care/aid total 43% of federal expenditures and that doesnt even include everything under Health and Human Services, O-Care, or any of the other programs which could be called "entitlements"
his estimate isn't terribly outrageous, just a couple inappropriately broad "Rounding Errors" is all you need to get the numbers proposed.
when taken as a whole, since SS and Medi-care/aid DO make up more than 40% of the expenditures, and since there IS a deficit, it is not out of line to propose that SS and Medi-care/aid are responsible for at least 40% of the deficit they help to create, despite their earmarked taxes, and imaginary "trust funds" which have essentially become part of the General Fund Monies.