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state of stupid

(123 posts)
45. for what it is worth
Mon Dec 9, 2024, 09:24 PM
Dec 2024

The chart and not understanding how it works are the problem. It is caused by the unified budget act of
1968 when it was decided that it would be easier to look at one chart rather than the two. As is pointed
out Social Security and Medicare are separate taxes considered mandatory spending. The income tax
you file on your 1040 tax form is for discretionary spending. A misunderstood part is when it is said that
Social Security and Medicare do not add to the debt. Technically they do by design. The money that is
paid into Social Security and Medicare goes to the Treasury Dept. They do not write an IOU. They issue
bonds and securities that pay interest that goes into Social Security and Medicare trust funds. Because
they earn interest that is paid for out of the discretionary budget, technically they do add to the debt but
that is by design. I have always and will always be for going back to two separate budgets because it
is actually easier to understand. It is two separate problems requiring two different solutions. It is no
different than the household budget we live by. There are the bills that come every month rain or shine
that have to be paid mortgage, electric and such (mandatory spending) and things we want discretionary
which we have to figure out how to work into the budget or do without. Rather than going around the
mountain again for eternity I think I am going to start writing my congress critters to start pushing to do
away with the unified budget for the sake of others who never try to understand how it works and just
listen to what other people tell them and take it as gospel. Rant over, what the hell do I know anyhow.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Eloon has no idea what he is talking about. OLDMDDEM Dec 2024 #1
WHERE are Democrats and the MEDIA pointing this out? CousinIT Dec 2024 #2
Exactly!!! BeerBarrelPolka Dec 2024 #6
If the Ds pointed out the stupidity of Eloon, they would be violating their code of go along in2herbs Dec 2024 #12
I think he knows exactly what he is talking about. He is intentionally lying. Midnight Writer Dec 2024 #29
He only cares about money, and he's addicted to and hoarding it. Initech Dec 2024 #43
Are there comments from experts and others countering? hlthe2b Dec 2024 #3
Look at the Economic Policy Institute. OLDMDDEM Dec 2024 #4
I know the truth. I want them to counter it for others on "X" hlthe2b Dec 2024 #7
Those that know are too afraid to counter Trump and his magats. OLDMDDEM Dec 2024 #8
Largely, NO. You hear it from Bernie Sanders once or twice a YEAR. CousinIT Dec 2024 #5
Eloon is the devil Meowmee Dec 2024 #9
Who voted for this-------- Cherrycheeks Dec 2024 #10
Who TF elected Elon??? SledDriver Dec 2024 #11
They have to lie about it. It has been one of the most successful programs in history...nt Wounded Bear Dec 2024 #13
That Fucked Fucker Better leave his GD Grubby Cha Dec 2024 #14
If I Remember Correctly... GB_RN Dec 2024 #15
In reality, Social Security is Over Funded ... aggiesal Dec 2024 #16
This is why rich people are against SS MadameButterfly Dec 2024 #24
I stopped paying into SS in June JustAnotherGen Dec 2024 #28
Easy peasey... FalloutShelter Dec 2024 #37
Good, sensible plan with no cuts. Which means MAGAts won't support it. CousinIT Dec 2024 #30
The current shortage estimate for SS in 2032 airplaneman Dec 2024 #31
I had not heard of the -13%, that is better than -25% ... aggiesal Dec 2024 #34
SS is easy to fix but they don't want to fix it MadameButterfly Dec 2024 #49
Who is this muskrat asshole. Can't we just deport his nasty ass. ??? Magoo48 Dec 2024 #17
Lying is their first language. Marcuse Dec 2024 #18
Is he even a citizen of the United Stares? Iris Dec 2024 #19
Somewhere Dick Durbin is penning a letter of concern. Hassler Dec 2024 #20
Simple solution: tax the billionaires! nt SunSeeker Dec 2024 #21
The question that goes unasked and... GiqueCee Dec 2024 #22
The reason they hate SS is simple moose65 Dec 2024 #35
Is everybody ready for the multimillion walker march on Washington? Tweedy Dec 2024 #23
Such a small, miserly and bitter man dlk Dec 2024 #25
Maybe Democrats will correct Eloony Autumn Dec 2024 #26
Slide your eyes to the left.... FormerOstrich Dec 2024 #27
I agree, I've been saying that for years Dave says Dec 2024 #39
Meanwhile, Eloon wants a "carve-out" or exemption... keep_left Dec 2024 #32
A BIG NO, ELOON!! Dave says Dec 2024 #40
Fuck MuskRat!! He's a lyin fool... we need to oppose him with everything we got!! InAbLuEsTaTe Dec 2024 #33
Eloon doesn't want to pay his businesses' share of FICA. THAT is what this is all about and always was. valleyrogue Dec 2024 #36
That says nothing about cutting Social Security soandso Dec 2024 #38
Fix is easy. Strengthen the revenue side. Dave says Dec 2024 #41
'Even Trump has said,' SamuelTheThird Dec 2024 #42
True enough but he's said that for a long time soandso Dec 2024 #46
They will call it "eliminating fraud and waste"... druidity33 Dec 2024 #47
The agency mentioned full of fraud and abuse is the DoD soandso Dec 2024 #50
Excuse me? druidity33 Dec 2024 #57
And I'm telling you what they have said soandso Dec 2024 #58
At least 3 House Rs druidity33 Dec 2024 #59
You can suit yourself and choose to worry soandso Dec 2024 #60
Trump isn't worried about being reelected anymore. Klarkashton Dec 2024 #52
It takes congress to make changes to SS soandso Dec 2024 #54
You can't take DT on anything he says one way or another Cosmocat Dec 2024 #61
Did they ever pay back the IOU's that congress uses to fund projects? I beleive it started under Raygun. Hotler Dec 2024 #44
for what it is worth state of stupid Dec 2024 #45
K&R spanone Dec 2024 #48
I really need one of those blessed "working class" voters Blue_Tires Dec 2024 #51
These attacks are age discrimination and maybe elder abuse bucolic_frolic Dec 2024 #53
It will DESTROY the US economy too. n/t CousinIT Dec 2024 #56
What a fucking Grinch! Lunabell Dec 2024 #55
Latest Discussions»General Discussion»Eloon is on his platform ...»Reply #45