General Discussion
In reply to the discussion: For anyone who doesn't believe entitlements + interest on the debt will crowd out all other spending [View all]freedom fighter jh
(1,784 posts)I know several people have said this above, but it bears repeating: The thing that's blowing up is interest. Why lump that together with entitlements and then point the finger?
Here's something else that bears repeating: Social security comes from a fund that is separate from the deficit. That fund comes from a tax that funded that is funded disproportionately by lower- and middle-income people. If you ask me, that arrangement is perverse in the first place. But the idea of taking that money away from the elderly and disabled who earned it and then using it for something else is more perverse. More perverse still is using it for the military to fund companies that build equipment to kill people.
Solution: Remove the cap on the payroll tax. Then the social security fund will be paid by everyone who has income. (Well, not everyone, but by people at all income levels.) And cut back on military spending because we aren't doing the world any good by spreading death all around. Those things should bring in and save enough money so that we can start paying down the debt and then have less interest to worry about.