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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (32897)2/18/2009 12:03:20 PM
From: Steve Lokness  Read Replies (1) | Respond to of 71588
 
Tim;

Legitimately so, its a transfer of funds from the government to the government

I'm not sure the information is factually correct that the move from 9 to 10 Trillion is a result of borrowing from the SS trust fund. What is off balance sheet is the spending on the two wars. So that amount would absolutely account for part of the 500 billion difference mentioned in the article. (See what I mean by honesty?) The SS fund is running a budget surplus, so that money should be reducing the deficit - shouldn't it? Its real money coming into the government. There was a time they wanted to keep the SS funds separate - but that idea failed.

It is correct that the government does borrow our money (the SS trust fund) and any way you look at it, it is very dishonest to be running the government deficits on that surplus WITHOUT full disclosure.

steve



To: TimF who wrote (32897)2/19/2009 9:05:41 AM
From: Peter Dierks  Respond to of 71588
 
One problem that all of the budget and debt analysis seem to exclude is the unaccrued debt obligation. Some people put the current obligation at around $55B. With a total indebtedness in the ballpark of $60 Billion, our debt to GDP ratio is not in an acceptable range.