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View Diary: Hell, No! Social Security Contributes Nothing To Deficit (119 comments)

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  •  When it does add to the deficit, do you know (0+ / 0-)

    what your argument will be then?

    To be clear, it is more factual to write "SS is not part of the Federal Budget and doesn't currently add a penny to the deficit.  But in the near future when the SS trust fund needs to be dipped into it will add to the deficit."

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

    by theotherside on Tue Apr 09, 2013 at 06:59:05 AM PDT

    [ Parent ]

    •  The way I'd put it is (1+ / 0-)
      Recommended by:
      Puddytat

      "SS is not part of the Federal Budget and has historically been used to pretend that the deficit is smaller than it is.  In the near future when the SS trust fund needs to be dipped into it will be used to pretend that the deficit is bigger than it is".

      Pretenses of both bigger or smaller deficits as a result of SS are based upon the same misrepresentation (of SS cashflow being federal income) and are why headline budget deficits do not correspond to changes in the total government debt.

      Fake candidates nominated by the GOP for the recalls: 6 out of 7. Fake signatures on the recall petitions: 4 out of 1,860,283.

      by GeoffT on Tue Apr 09, 2013 at 06:46:35 PM PDT

      [ Parent ]

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