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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (154715)	8/1/2011 4:29:39 PM
From: kollmhn	1 Recommendation Read Replies (4) \| Respond to of 206097

"Social security is scheduled to more than double within the decade. And it's already bigger than defense. It's the retiring boomers." So, if that is true (I'll accept your statement) then a few things need to happen since there is no money in the SS Trust Fund: a) a corresponding increase in Social Security premiums for the populace OR b)huge spending cuts elsewhere to free up money for SS recipients OR c)a huge jump in revenues from a booming economy OR d) the debt ceiling continues to be increased

To: KyrosL who wrote (154715)	8/1/2011 9:27:06 PM
From: Webster Groves	3 Recommendations Respond to of 206097

<And it's already bigger than defense> On my paycheck there's a deduction for Social Security. I am told my employer kicks in an equivalent amount. There is, however, no deduction for a "defense tax". Presumably those expenses come out of the general fund or a loan from China. One of Clinton's great accomplishments was relabeling discretionary defense spending as a fraction of total income (including SS), rather than the fraction funded by income taxes. By doing so, defense dropped from 1/2 to 1/3 of the federal budget without a penny changing hands. wg