kanageddaamen said:
Also note that Social Security, the largest entitlement program, has not added a single dollar of debt, and is in fact raided annually for funding other programs. |
That's really only true if you don't know how Social Security actually works.
Social Security already had to be reformed once to prevent it from crashing.
If there is a shortfall in social security taxes, it causes government debt... but if there is a social security surplus it ALSO causes debt.
Reason is... there is no social security "Locked Box." Which is why Gore always talkd about a "Locked Box" to fix social security.
As it is now, any social security surplus is spent and replaced with government bonds. Aka government debt, (with interest!) that it has to pay off.
To say it's not causing debt is like argueing that a credit card doesn't cause debt... but in fact adds to your income!








