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DesideriScuri -> RE: US federal budget (1/6/2013 5:48:46 AM)
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quote:
ORIGINAL: Marini
quote:
Social Security: Not sure if this counts as a cut per se, but divorce it from the rest of the budget process. That payroll tax goes into one line that fund only the SSI expense. No moving it or shifting it or borrowing from it. It's off-limits.
We agree 100% on this issue.
Social Security should not be in this chart, on the table or part of the damn discussion.
Don't look at/bother/fool with Social Security.
No crazy crap about raising the age, so the average joe can drop dead attempting to work until they are 70 or 80.
This does need to be included, as it is Federal budgetary spending. However, I think it should have it's own chart or graph. Butch had a great link in Post #7. It takes you to a CBO page that shows pie charts for spending and one for revenues. CBO could have done a better job and broken everything down into the same categories, but you play the cards you are dealt. It shows Social Security as it's own slice in spending, but "Social Insurance Taxes" as a slice in revenues. The description for the revenue slice is:quote:
Consists of payroll taxes that fund social insurance programs, primarily
Social Security and Medicare’s Hospital Insurance program
Looking at the slices, SSI spending is $725B and the revenue slice is $819B. You can't see if revenues specific to SSI cover or even come close to SSI spending. This lumping everything into the same category is bullshit as it allows for accounting BS.
It would probably take forever to compile and forever to go through, but I'd love to see a specific spending list and where the funds come from, or were supposed to come from.
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