Quote:
|
Originally Posted by Yakk
The debt and deficit problems are not due to over taxing or over spending. Debt and Deficit problems are the result of spending more than you tax.
|
Isn't spending more than you tax overspending? You kinda lost me on this one.
Anyway, onto your previous question....
What I said above was that where exactly SS revenue goes means very little to me. That is because the design of the system itself is that it is self-supporting, thus, must be accounted for separately, regardless of where the funds go.
Since the program is supposed to be "pay-as-you-go", we have to make sure that the system brings in more than it spends, other wise the system becomes a liability, which is not what was intended.
If we don't pay attention to how the system balances out, it could easily spin out of control (over a relatively long period of time) and become another huge burden on American tax-payers.