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Igel

(35,293 posts)
43. Depends on what you're doing.
Mon Apr 16, 2018, 06:27 PM
Apr 2018

It's part of the budget. But it's not part of the discretionary budget because, well, it's mandated.

It's not funded by general revenue streams because it has dedicated funding. And while it's self-sufficient, it has pretty much zero effect on the deficit at present. It's not really socking away excess money, it's not really drawing from the trust fund. Much of that status is because of the interest it earns on the trust fund, though.

If you consider the trust fund, then in a sense when the trust fund is liquidated to provide cash for paying OASDI, it won't increase the deficit. It's already debt, after all. On the other hand, currently the money is held in the form of special issue treasury notes that can only be held by the government, and pay an interest rate that doesn't affect the t-bill market--their borrowing doesn't affect the interest rates or demand for general-issue treasury notes. When the trust fund is drawn down, the special issue treasury securities will be bought using general revenues--but since we're running a deficit, that money will be promptly borrowed on the open market. In other words, as we redeem the trust fund, we will have larger sales of general-issue treasury bills, which may drive up the interest rate for those bills. And that would increase the deficit, because that interest increase wouldn't be for just the new debt, but for all outstanding debt that's redeemed and reissued.

Corker.. hibbing Apr 2018 #1
Fuck that guy. nt. Ztolkins Apr 2018 #6
There is nothing stopping them from repealing the tax cuts for the wealthy law BumRushDaShow Apr 2018 #2
We're so screwed... if only. InAbLuEsTaTe Apr 2018 #3
lyin' ryan Marthe48 Apr 2018 #4
Not positive, but pretty sure the millennial are the largest generation now , bigger than the notdarkyet Apr 2018 #34
We're neck and neck :) Marthe48 Apr 2018 #44
Hey "ayn rand " asshole turbinetree Apr 2018 #5
+1000000 notdarkyet Apr 2018 #35
Scum nt BootinUp Apr 2018 #7
How dare the Baby Boomers live long enough to collect their Social Security! Marie Marie Apr 2018 #8
Paul Ryan took social security and other government benefits .... Botany Apr 2018 #39
Traitor and thief. dalton99a Apr 2018 #9
I guess it's too late to blame Obama. JohnnyRingo Apr 2018 #10
That's a creative spin. Gotta hand it to him. He's got an answer for everything. Honeycombe8 Apr 2018 #11
I have two good answers for those same deficits jmowreader Apr 2018 #12
Sooner or later someone is going to have to address the 800 lb. Gorilla in the room. SergeStorms Apr 2018 #16
On time and on que republicans never fail. airplaneman Apr 2018 #17
Dems: tax and spend; Eyeball_Kid Apr 2018 #19
I've always said borrow and blow........ Bengus81 Apr 2018 #45
There is one way to reduce the deficit and the GOP will not accept it jmowreader Apr 2018 #20
Id balance the budget on the backs of the wealthy... roamer65 Apr 2018 #13
Tom, I would like to see a redraw of that Ryan graph.... KY_EnviroGuy Apr 2018 #14
Ignorant asshole JI7 Apr 2018 #15
Ryan is definitely bottom-of-the-barrel. BlueMTexpat Apr 2018 #18
If I had a dollar for every time I heard Ryan described as a "Policy Wonk' or "Budget Guru", Midnight Writer Apr 2018 #21
STFU Whiny pants. Would even paul ryan be stupid enough to say this..? Cha Apr 2018 #22
If something sounds too good to be true... TomVilmer Apr 2018 #23
uh huh.. That's what they were doing whether it Cha Apr 2018 #24
Fake stuff like this is fun for brain dead supporters... TomVilmer Apr 2018 #25
He's a scumbag CentralMass Apr 2018 #26
Ryan's a lying scumbag duforsure Apr 2018 #27
Actually Baby Boomers and those after them paid for those benefits dsc Apr 2018 #28
Takes A Special Kind Of Stupid modrepub Apr 2018 #29
Pardon me for a moment. Sherman A1 Apr 2018 #30
If trillion-dollar-deficits are unavoidable, how would a balanced-budget agreement avoid them? DetlefK Apr 2018 #31
Stop with the logic... paleotn Apr 2018 #33
The CBO budget projection from late last spring Igel Apr 2018 #42
Paul "The Wonk" believes in an Ayn Rand world. His solution for solving the financial problems Vinca Apr 2018 #32
Isn't Social Security OFF budget? padfun Apr 2018 #36
Depends on what you're doing. Igel Apr 2018 #43
Um, Paulie! ProfessorGAC Apr 2018 #37
Its called 'self-fulfilling prophecy'. marble falls Apr 2018 #38
Inevitable while the conservative party is in charge of things IronLionZion Apr 2018 #40
Republican Myth Of Fiscal Responsibilty Put To The Lie Vogon_Glory Apr 2018 #41
Inevitable my ass scarytomcat Apr 2018 #46
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