The United States is $222 trillion in debt

The only reform they need, is to stop raiding thier trust funds.
Neither Medicare part A nor SS contribute one penny to the deficit, nor will the hey. The IRS controls payroll taxes. They make adjustments routinely to the two most popular programs in the US givt. . Now, if you want to complain about the other parts of Medicare and Medicaid, support not for profit single payer universal healthcare.

 

Absolutely false. Together, congress has more authority, but separately, each branch is co equal. The reps have 2/3 the passage authority. They are coequal branches of the govt. in passing the budget. The administration is under total control of actually spending the money. Trump is taking money out of FEMA to build a wall.

 

If the interest were budgeted and paid, the debt would not go up

 

And yet, we claim obama contributes to the deficit as Clinton did under his admin. when he balanced the budget. The debt still went up. I only bring this up, so we focus where we should in evaluating admin. Economic priorities, the deficit.

 

Seriously ?
All the govt. does is, pay off the interest to one faction by borrowing from another, like the SS trust fund and other middle class holdings. You do get this is why the middle class is losing their wealth and why deficits and ultimate recessions are important to avoid. . What about the newly borrowed 800billion dollar deficit this year. Think there will no interest, we’ve just added the shift in interest payments and nearly a trillion this year. And you say we’ve reduced the deficit.

This is why trump and the gop is proposing cuts to SS and Medicare, to hide the deficits created by tax cuts to the rich.

 

But the debt still goes up if you balance the budget. You only drop the debt with surpluses.

 

Absolutely true, Presidential budget suggestions are routinely ignored and have no legal authority. Administrations can only spend what Congress allocates just look how the Democrats in Congress are trying to quell Trump moving just $6B to help border enforcement crying he has no such authority.

 

How do you think they are "raided". Surplus funds are placed in special T-Bills which pay a very small interest. What would you prefer be done with them?

Then get back on topic.

 

If it is THEIR submitted legislation........OK. But rarely are Presidential budgets passed and Congress can cut them out completely as in they FY2009 budget and Bush.

 

It is pointless to try and discuss with you such matters as you will speciously claim you have already refuted anything posted and refuse to answer direct questions to you. Your posting history is quite well known.

 

The T bills ARE debt. You do get that.
Instead, put the surplus funds in a lock box, and INCREASE benefits captain obvious. Even refund checks at the end of the year would be a huge eco... stimulus. .

It’s called , “pay go.”

 

Quote: "Neither Medicare part A nor SS contribute one penny to the deficit, nor will they"

Huuuummmm, I don't think so;

For anyone's info, the semi annual interest payments to the SS Trust fund are no longer IOU'ed…..effective 2019, SS semi-annual interest payments are fully paid out as benefits.

Q; Where's the money come from?

A; The Treasury's General Account, and borrowed money if revenues don't cover expenses.

 

So you don’t think accurately describing where the debt emulates from is staying on topic ?
Are you only interested in lies ?

 

I explained it to you, they are held in T-Bills where they at least make a tiny interest. Burying them in the back yard in a lockbox earns nothing which makes matter worse. You don't get how retirement investments must earn interest just like your 401-k and employer and union pension funds. And we are on the verge of having no surplus funds anyway.

 

When you have something of intellectual interest to add let me know.

 

No, it comes from the T bills that were issued on the surpluses over the years. Because republicans don’t like paying their debts because it increases deficits now interfering with fossil fuel company tax cuts. That is a no no, especially not to the middle class. So they are proposing cutting benefits to both. Gotta luv those guys.

 

Keep hiring any who will campaign on Lowering Taxes ............... that's the problem.

America used to pay our way ............... now we put our bills on Americas Credit Card !!

 

T bills are part of our debt. What is so hard to understand ?
You don’t bury them in a lock box, dah. You hold them for one budget year and give seniors paid for dental care, or, rebate checks. Get with the program. Either would be an immediate economic boost.

Seriously, treasury bill interest becomes part of our debt. YOU SPEND SURPLUSES or devote them to the same program. This is not a A FOR PROFIT BUSINESS, it’s a TRUST.
You don’t seem to know that about government.

 

So it would be better if the Secretary of the Treasury buried them in a lockbox in the backyard of the Treasury building?

 

Why? As in any retirement system you need the surpluses to earn interest to help pay current benefits, your the one that said put them in a lockbox. You seem to want a ponzi system.

 

Trump borrowed 1 Trillion Dollars this year in a period of Full Employment !

King of Debt Trump............ tax cuts for the Rich ................

 

Wishful thinking.

 

A lock box prevents funds from being spent on something else, like T bills. You don’t seem to get the BUYING treasury bills is loaning the govt. Money

Surpluses should immediately be isolated and go back into paid for services or rebates for the enrollee. What’s so hard to understand. SS and Medicare are not loan agencies. They are funding services using our tax dollars. If I want them invested in something, it’s my decision, not the govt.
Enrollees should get their more bey back or service in kind. Otherwise, Trump or other gop leaders will reduce your benefits..

 

You seem to misunderstand what SS and Medicare are. They are not investment plans. They are pay go insurance plans, one for medical care funding and one for minimal subsistence. They are NOT INVESTMENTS. Read their web site descriptions.

 

They aren’t like private insurance. You have strange ideas indeed. You don’t seem to get that T bills are part of our national debt. Our health and retirement INSURANCE plans are contracts that pay health, retirement and disability insurance. It’s pay go. It’s not private investment accounts.
The more you use to invest later at rates that are less then inflation, which they are, the fewer the benefits you get now AND later.