SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?


To: rich evans who wrote (61655)8/4/2007 2:34:38 PM
From: Peter Dierks  Read Replies (1) | Respond to of 90947
 
"the Unified Budget Act passed by Congress in 1974"

So that was passed by democrats. They probably overrode a Ford veto to ram it through.



To: rich evans who wrote (61655)8/4/2007 4:41:50 PM
From: Lazarus_Long  Respond to of 90947
 
YOU HAVE MADE MY DAY! I feel SO MUCH BETTER after learning this! :-)

JESUS H. CHRIST! WE'RE BEING ROBBED! LEGALLY!



To: rich evans who wrote (61655)8/6/2007 3:21:52 PM
From: Sully-  Respond to of 90947
 
Thanks for that info Rich. Unbelievable! I agree with Laz - we're being robbed... legally!

:-(



To: rich evans who wrote (61655)8/22/2007 8:15:52 PM
From: TimF  Read Replies (1) | Respond to of 90947
 
1 - If you don't like it, remember it was passed by a Democratic Congress at a time when Republicans where weakened by Watergate.

2 - Actually its not a bad idea. Spending is spending and taxes are taxes. There is one federal government and the money it spends on everything minus the money it brings in is the deficit.

OTOH while the unified budget does make sense the future obligations of social security and Medicare should be accounted for, but separating the budgets wouldn't do that. It would show SS in a surplus even as it accumulates future obligations.

Edit - I agree that the trust funds are mostly illusion. But they would still be mostly illusion if you got rid of the unified budget.