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In reply to the discussion: Factcheck - on Tax Cut, Social Security and the General Fund. [View all]tabatha
(18,795 posts)3. That is the real reason this particular tax cut was set up as it was in the first place,
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The Payroll Tax Cut opens a door between the General Fund and the totally separately taxed fund for
RC
Dec 2011
#1
That is the real reason this particular tax cut was set up as it was in the first place,
tabatha
Dec 2011
#3
Thats an empty "slippery slope" argument. The "open door" is a product of ideological imagination.
phleshdef
Dec 2011
#16
The Neocons are. They want to make the general fund a sacred cow that cannot do social spending.
joshcryer
Dec 2011
#37
Thank you. They want to be able to say that the Government has to fund SS turning it into a
sabrina 1
Dec 2011
#31
Tabatha, what you seem to fail to realize is that the coupling of GF and SS is the real problem
ThomWV
Dec 2011
#5
"The problem is that by following our current practice of using Social Security System income"
tabatha
Dec 2011
#7
The trust fund represents *future obligations* ("DEBT") to US taxpayers--there is no
Romulox
Dec 2011
#10
None of that contradicts anything I posted. The "Trust Fund Surplus" must be collected in NEW TAXES
Romulox
Dec 2011
#12
Wrong. The trust fund was built up starting in the 80s to PREPAY boomer retirement
eridani
Dec 2011
#25
Every red cent has been "lent" to the US government, and spent. It's sad, but true. nt
Romulox
Dec 2011
#26
In the form of T-bills. If those are imaginary, then so are the ones that China--
eridani
Dec 2011
#33
No. They aren't "T-Bills" (they're "special issues".) But that's not the point.
Romulox
Dec 2011
#39
Nonsense. SS is supposed to be INTERGENERATIONALLY SUSTAINABLE. Future taxpayers
Romulox
Dec 2011
#40
Social Security is an entitlement program by virtue of the fact that participants are entitled to it
lumberjack_jeff
Dec 2011
#17
You don't have a right to receive any specific amount of SS. So that logic is off. nt
Romulox
Dec 2011
#41
Let everything revert, including all the Bush tax cuts. Or completely redo the entire code.
phleshdef
Dec 2011
#23
I don't understand it unless we're to believe the "general fund" is untouchable.
joshcryer
Dec 2011
#36