Trump can balance the federal budget with one "order"

[james dixon]

I suggest you educate yourself about the process before posting nonsense!!

If you have something tangible to say, say it. Bla, bla, bla just doesn't cut it

 

[esmith]

To clarify your statement; tell me; is the surplus SS funds that is transferred into treasuries considered "debt" when tabulating the national debt?

All US Securities including those acquired by SS funds are a debt

 

[esmith]

No, there is more cash coming into the SS Trust fund than what it pays out in SS benefits. It is the "surplus" that I am taking about.

I suggest you educate yourself about the process before posting nonsense!!

@Lyndon if you were posting in reference to @james dixon post quoted I suggest you take your own advice because you are wrong
Social Security Trust Fund Cash Flows and Reserves

 

[Lyndon]

As you could see if you actually read the link you posted, without the Social Security reserve fund, which James Dixon proposes to eliminate, there would not be enough money to pay all the Social Security benefits that are due from just the present years tax revenue. But is instead partially dependent on interest revenue generated by the Social Security trust fund to make all payments.

 

[esmith]

As you could see if you actually read the link you posted, without the Social Security reserve fund, which James Dixon proposes to eliminate, there would not be enough money to pay all the Social Security benefits that are due from just the present years tax revenue. But is instead partially dependent on interest revenue generated by the Social Security trust fund to make all payments.

If that was what you were posting about I suggest you learn how to use the "Quote" or "Reply" functions vice posting directly below the post quoted below. Since your post infers that their is no "surplus"

No, there is more cash coming into the SS Trust fund than what it pays out in SS benefits. It is the "surplus" that I am taking about.

 

[james dixon]

@Lyndon if you were posting in reference to @james dixon post quoted I suggest you take your own advice because you are wrong
Social Security Trust Fund Cash Flows and Reserves

According to the report you posted Social Security Reserves are projected to approach $2.9 trillion by 2020. What is not stated is how much of that money is “borrowed” from this account to pay government operations. My point was and still is, the federal government stays above the water by using SS funds. I am not saying this is good or bad, it just is what it is. The bottom line is simple enough, A large chunk of the federal deficit is attributed to the IOU's to the SS trust fund. Forgive this debt and walla, a balanced budget