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Politics : Actual left/right wing discussion
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To: JBTFD who wrote (2596)10/11/2006 7:02:40 PM
From: TimF   of 10087
 
They take the highest deficit as a percentage of GDP(2004) and use that as a basis for comparison.

If that's framing its a very reasonable case of framing. The assertion is that the deficit is going down (and that it is going down faster than previously estimated.

If they wanted to say "the current deficit (or the projected deficit) is low", and compared it to 2004, than they would indeed be framing the problem in a rather unreasonable way.

Personally I think the social security trust fund should be viewed separately.

I think it should be views separately and together. You have to look at both to get a real picture.

If the situation was reversed and social security was in deficit (which it will eventually be) and the primary non-entitlement budget was in surplus would you say we should ignore social security when considering the deficit.

It is supposed to be it's own separate program.

Every program is its own separate program, and they are all ways government spends money.

They are ignoring that the money borrowed from the social security trust fund is a loan borrowed at interest.

A loan from the government to the government. They aren't borrowing from the trust fund because there is no trust fund. "Borrowing" from the "trust fund" isn't income, but the social security tax revenue is income.

Which doesn't mean that the situation isn't problematic. Social Security represents an enormous commitment to spend money in the future. Medicare does as well.
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