Re: Chart of how much Medicare/Medicade, DofD and Social Security eat up our budget

There will always be money and the Fed (Treasury Dept) cuts a check to
the SS fund 4 or more times per year. Or maybe they do it every month,
I'm not sure. They do it every time a bond expires. The law requires
them to do that. The only way they can ever stop is if they pay off
the loan, in full, or if the government passes a law saying they don't
have to pay back the loan.

On Jun 2, 1:57 pm, EARL DOYLE <lesjul...@gmail.com> wrote:
> The government shouldn't pay the SS fund back the money it
> owes it.
>
> ------
>
> that might be no money, little money
>
> On 6/2/12, mg <mgkel...@yahoo.com> wrote:
>
> > That's undoubtedly an accurate statement, but if you arrange it in a
> > right-wing premise conclusion format, it goes like this:
>
> > Premise: The SS fund will be exhausted on or about 2037.
> > Conclusion: The government shouldn't pay the SS fund back the money it
> > owes it.
>
> > On Jun 2, 11:25 am, EARL DOYLE <lesjul...@gmail.com> wrote:
> >> but MG
>
> >> "In the year 2008, the Social Security's trustees projected a shortfall
> >> of more than $4 trillion. If this current trend continues, the fund
> >> will be exhausted by 2037."
>
> >> On 6/2/12, mg <mgkel...@yahoo.com> wrote:
>
> >> > These kinds of charts are misleading because Social Security, for
> >> > instance, is self-funding. If they were to completely eliminate the
> >> > Social Security program tomorrow, it wouldn't reduce the deficit
> >> > unless, of course, they also passed a law saying that the government
> >> > doesn't have to pay back the money it borrowed from Social Security.
> >> > The debt that the government owes to the Social Security fund is no
> >> > different than the debt it owes to China, for example. However, for
> >> > some unknown reason, right wingers think we are obligated to pay back
> >> > money they borrow from foreigners, but not obligated to pay back money
> >> > they borrow from Social Security participants.
>
> >> > An interesting question, incidentally, is whether or not the
> >> > Republicans would be allowed, under the constitution, to renege on the
> >> > debt owed to the Social Security fund because the Fourteenth Amendment
> >> > says that the feds cannot renege on debts.
>
> >> > On Jun 2, 9:12 am, Leader of 71 <lesjul...@gmail.com> wrote:
> >> >> so which do we cut and by how much
>
> >> >> the PUBS want to cut all the Medicare/Medicad and Social Security
>
> >> >> and they have planned to do this by raising our deficit to
> >> >> astronomical
> >> >> figures
>
> >> >> to where we have to cut
>
> >> >> and also by lowering taxes
>
> >> >>  350px-U.S._Federal_Spending_-_FY_2011.png
> >> >> 28KViewDownload
>
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