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View Diary: The “Chained CPI” Cut – “If You Can’t Dazzle Them With Brilliance . . .” (262 comments)

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  •  My understanding of the situation is that you (0+ / 0-)

    are correct in your position.  I would counter that the politics of the situation basically eliminates the likelihood of your position being enacted.  

    And as far as the effect of the debt goes, I don't think you are exactly right.  

    What we did was that we ran surpluses on the SS payroll tax.  We spent the excess and wrote IOU's for the SS Trust Fund.  So when we replace the IOU's it eventually does impact the deficit because we will either need to increase taxes or we will increase the deficit.  We aren't at that point yet but the fact is that the past spending of SS excess revenues does actually impact the future deficit spending that we will undergo.

    We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

    by theotherside on Thu Dec 20, 2012 at 03:36:18 PM PST

    [ Parent ]

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