Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: MontaniSemperLiberi

Look it up. The social security deficit for 2010 was $41 billion, and it was expected to move back into a surplus for 2011, at least until they cut the payroll tax.

http://www.ssa.gov/oact/trsum/index.html

The link doesn’t talk about the medicare deficit, but I seem to recall reading elsewhere that it was $85 billion for 2010. That was before Obama cut Medicare Advantage. It was also based upon depressed payroll tax revenues for 2010. On the other hand, costs are increasing and more people are eligible, so if you assume that it evens out at $85 billion for 2011, that leaves you at $126 billion, which is quite close to what I said the surplus would be if you made all those cuts in my first post.

So I think it works. But irrespective, they won’t get away with cutting social security and medicare, so they are just going to have to deal with them.


88 posted on 01/16/2011 8:54:35 AM PST by Brilliant
[ Post Reply | Private Reply | To 85 | View Replies ]


To: Brilliant

I did look it up. I have been through the numbers one side and through the other. I didn’t just look at social security. I looked at every single agency. Every one.

You didn’t.

You argue circumstances, transients. I argue reality. I live in Realville. You worry more about the Republican’s majority than the survival of this country.

The budget for 2011 was this:

2011 numbers in millions.

Department of Defense-Military $723,703
Department of Health and Human Services $926,236
Interest on Treasury Debt Securities (Gross) $464,706
Social Security Administration $789,034

Comes to $2,903,679 million. Note this does not even count necessary programs like Federal Prisons and the like.

Revenue is expected to be: $2,425,725 million.

If we don’t include defense, it comes out to $2,179,976 million. So, according to your “plan”, Defense, Prisons, Office of Personnel Management, Government Accounting Office, etc. should share $245,749 million.

Sorry but I think I’ve succinctly presented the literal, real facts here. You really, really don’t know what you are talking about. Maybe you’re old enough to wise up.


92 posted on 01/16/2011 10:59:47 AM PST by MontaniSemperLiberi (Moutaineers are Always Free)
[ Post Reply | Private Reply | To 88 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson