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state of stupid

(118 posts)
45. for what it is worth
Mon Dec 9, 2024, 08:24 PM
Dec 9

The chart and not understanding how it works are the problem. It is caused by the unified budget act of
1968 when it was decided that it would be easier to look at one chart rather than the two. As is pointed
out Social Security and Medicare are separate taxes considered mandatory spending. The income tax
you file on your 1040 tax form is for discretionary spending. A misunderstood part is when it is said that
Social Security and Medicare do not add to the debt. Technically they do by design. The money that is
paid into Social Security and Medicare goes to the Treasury Dept. They do not write an IOU. They issue
bonds and securities that pay interest that goes into Social Security and Medicare trust funds. Because
they earn interest that is paid for out of the discretionary budget, technically they do add to the debt but
that is by design. I have always and will always be for going back to two separate budgets because it
is actually easier to understand. It is two separate problems requiring two different solutions. It is no
different than the household budget we live by. There are the bills that come every month rain or shine
that have to be paid mortgage, electric and such (mandatory spending) and things we want discretionary
which we have to figure out how to work into the budget or do without. Rather than going around the
mountain again for eternity I think I am going to start writing my congress critters to start pushing to do
away with the unified budget for the sake of others who never try to understand how it works and just
listen to what other people tell them and take it as gospel. Rant over, what the hell do I know anyhow.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Eloon has no idea what he is talking about. OLDMDDEM Dec 9 #1
WHERE are Democrats and the MEDIA pointing this out? CousinIT Dec 9 #2
Exactly!!! BeerBarrelPolka Dec 9 #6
If the Ds pointed out the stupidity of Eloon, they would be violating their code of go along in2herbs Dec 9 #12
I think he knows exactly what he is talking about. He is intentionally lying. Midnight Writer Dec 9 #29
He only cares about money, and he's addicted to and hoarding it. Initech Dec 9 #43
Are there comments from experts and others countering? hlthe2b Dec 9 #3
Look at the Economic Policy Institute. OLDMDDEM Dec 9 #4
I know the truth. I want them to counter it for others on "X" hlthe2b Dec 9 #7
Those that know are too afraid to counter Trump and his magats. OLDMDDEM Dec 9 #8
Largely, NO. You hear it from Bernie Sanders once or twice a YEAR. CousinIT Dec 9 #5
Eloon is the devil Meowmee Dec 9 #9
Who voted for this-------- Cherrycheeks Dec 9 #10
Who TF elected Elon??? SledDriver Dec 9 #11
They have to lie about it. It has been one of the most successful programs in history...nt Wounded Bear Dec 9 #13
That Fucked Fucker Better leave his GD Grubby Cha Dec 9 #14
If I Remember Correctly... GB_RN Dec 9 #15
In reality, Social Security is Over Funded ... aggiesal Dec 9 #16
This is why rich people are against SS MadameButterfly Dec 9 #24
I stopped paying into SS in June JustAnotherGen Dec 9 #28
Easy peasey... FalloutShelter Dec 9 #37
Good, sensible plan with no cuts. Which means MAGAts won't support it. CousinIT Dec 9 #30
The current shortage estimate for SS in 2032 airplaneman Dec 9 #31
I had not heard of the -13%, that is better than -25% ... aggiesal Dec 9 #34
SS is easy to fix but they don't want to fix it MadameButterfly Dec 10 #49
Who is this muskrat asshole. Can't we just deport his nasty ass. ??? Magoo48 Dec 9 #17
Lying is their first language. Marcuse Dec 9 #18
Is he even a citizen of the United Stares? Iris Dec 9 #19
Somewhere Dick Durbin is penning a letter of concern. Hassler Dec 9 #20
Simple solution: tax the billionaires! nt SunSeeker Dec 9 #21
The question that goes unasked and... GiqueCee Dec 9 #22
The reason they hate SS is simple moose65 Dec 9 #35
Is everybody ready for the multimillion walker march on Washington? Tweedy Dec 9 #23
Such a small, miserly and bitter man dlk Dec 9 #25
Maybe Democrats will correct Eloony Autumn Dec 9 #26
Slide your eyes to the left.... FormerOstrich Dec 9 #27
I agree, I've been saying that for years Dave says Dec 9 #39
Meanwhile, Eloon wants a "carve-out" or exemption... keep_left Dec 9 #32
A BIG NO, ELOON!! Dave says Dec 9 #40
Fuck MuskRat!! He's a lyin fool... we need to oppose him with everything we got!! InAbLuEsTaTe Dec 9 #33
Eloon doesn't want to pay his businesses' share of FICA. THAT is what this is all about and always was. valleyrogue Dec 9 #36
That says nothing about cutting Social Security soandso Dec 9 #38
Fix is easy. Strengthen the revenue side. Dave says Dec 9 #41
'Even Trump has said,' SamuelTheThird Dec 9 #42
True enough but he's said that for a long time soandso Dec 9 #46
They will call it "eliminating fraud and waste"... druidity33 Dec 10 #47
The agency mentioned full of fraud and abuse is the DoD soandso Dec 10 #50
Excuse me? druidity33 Dec 10 #57
And I'm telling you what they have said soandso Dec 10 #58
At least 3 House Rs druidity33 Dec 10 #59
You can suit yourself and choose to worry soandso Dec 11 #60
Trump isn't worried about being reelected anymore. Klarkashton Dec 10 #52
It takes congress to make changes to SS soandso Dec 10 #54
You can't take DT on anything he says one way or another Cosmocat Dec 11 #61
Did they ever pay back the IOU's that congress uses to fund projects? I beleive it started under Raygun. Hotler Dec 9 #44
for what it is worth state of stupid Dec 9 #45
K&R spanone Dec 10 #48
I really need one of those blessed "working class" voters Blue_Tires Dec 10 #51
These attacks are age discrimination and maybe elder abuse bucolic_frolic Dec 10 #53
It will DESTROY the US economy too. n/t CousinIT Dec 10 #56
What a fucking Grinch! Lunabell Dec 10 #55
Latest Discussions»General Discussion»Eloon is on his platform ...»Reply #45