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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (357281)11/6/2007 8:05:58 PM
From: bentway  Read Replies (1) | Respond to of 1573922
 
The fact that the government is currently spending the SS surplus to hide some of the war deficit should be a crime. SS comes from the poor and middle class people of America, since the tax isn't levied on income over 90k. It's not just regressive, it's criminal to finance a war from the least able to pay.



To: Road Walker who wrote (357281)11/7/2007 4:33:29 PM
From: TimF  Read Replies (1) | Respond to of 1573922
 
It doesn't matter what taxes are dedicated to what spending, or how the budget is sliced up in to different budgets, or unified in to one.

We have a single federal government. Every dollar it spends is a dollar of federal spending. Increasing a tax, dedicated or not, doesn't cut spending, or eliminate the impact of spending.

On the other side the wars are clearly 'discretionary spending'

All spending is discretionary spending, except perhaps the minimum amount need to keep a central government running and avoid balkanization or anarchy, and maybe payments on the debt.

So called "non-descressionary" spending could be stopped by a single act of congress. The only difference between it and normal spending is that if congress does nothing, it continues.

And you can't argue about SS effect on the deficit, since it is decreasing it.

Every penny spent on social security increases the deficit. Every penny received in any tax, including social security taxes decreases.

Also remember in the not to distant future, even if you consider SS taxes and spending to be one insurable thing, that doesn't have parts that can be considered separately, the program as a whole will contribute to the deficit.

If the wars had a dedicated tax, I wouldn't be able to argue about it's effect on the deficit.

I don't know if you would or not, but you certainly could reasonably do so. Whatever sort of tax arraignments you have made waging a war (or making transfer payments, or spending money in other ways) contributes to the deficit.