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Originally Posted by Yakk
Is Social Security taxes and expenses part of General Government Revenue or not?
If it helps, I'll explain my personal position:
It is my position that the US government's general budget is in far worse shape than the government in power claims it is. They are trying to shovel their problems into a 'social security crisis', when the crisis is a crisis of massive unsustainable deficit financing in congress's discretionary budget.
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I have a limited understanding of how our budget and monetary system really work but IMHO the answer is yes. The government is over taxing and over spending like they always do. A complete turnover to Libertarians of a majority of our polititians would be required to put things back on track, but that ain't gonna happen.
I have a problem understanding exactly when a deficit is too big. I have a general idea that debasing the currency will eventually catch up to us but no idea how much is too much. One trillion, 100 trillion, etc...