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To: Dont_Tread_On_Me_888
"But it (Social Security) was mandatory spending for all the past presidents also. "

==

The population of the US has been growing, people have been living longer, so the number of SS recipients have been exploding, that's why SS is projected to go bankrupts soon.
424 posted on 12/30/2003 9:33:40 PM PST by FairOpinion
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To: FairOpinion
The population of the US has been growing, people have been living longer, so the number of SS recipients have been exploding.

OK. But you can only divide up 100% of the revenue so many ways--1% slot increments. That is why % of outlays is a great way to show this since % makes it consistent from year to year, where dollars are meaningless due to inflation.

The chart shows that HR spending was 33.5% under LBJ, 54.5% under Ford, Reagan cut it to 50.4%, Bush I had it at 54.0%, Clinton at 62% and now GWB at 66%.

Under your reasoning, the rate will keep climbibng to 70%, 90%, then what, 100%? Absolutely nothing for Defense and discretionary spending?

Also, the one chart shows that military % of outlays has been cut from JFK's 45% down to Reagan's 26% and now GWB's 16%!

People think that Defense spending is rising, but that is in dollars! As a % of outlays, it has been crashing since JFK!

I think we all should really study these numbers because our future is at stake. Just like when you jumped and said "there is no HR" and later found out there is, I think too many of us do not have the facts when we state an opinion. We all owe it to ourselves to get up to speed on this because we are in for a very serious financial crushing because of this runaway spending.

428 posted on 12/30/2003 9:48:46 PM PST by Dont_Tread_On_Me_888
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