- Joined
- Dec 20, 2009
- Messages
- 75,862
- Reaction score
- 40,125
- Location
- USofA
- Gender
- Male
- Political Leaning
- Conservative
Yup. The entitlements have now officially shifted from being a source of extra "revenue" (yay free money! yay hopefully never having to pay it back! we have to pay it back? yay for making our kids cover the tab!) to a drain on a General Budget that is already running an annual $1.5 Trillion Deficit.
heyyyyyy, now this strikes me as the perfect time to create a brand-new huge entitlement! :roll: Obamacare, meet your doom - you have predecessors and they've already taken all the money.
Social Security will run a permanent yearly deficit when looking at the program’s tax revenues compared to what it must pay out in benefits, the program’s trustees said Friday in a report that found both the outlook for Social Security and Medicare, the two major federal social safety-net programs, have worsened over the last year...
The figures come as Congress and President Obama are wrestling over whether to make major changes to the entitlement spending, and Republicans said the new projections should force the debate to turn in their direction.
“Today’s report makes it clearer than ever that doing nothing is not an option. The failure to act means current as well as future beneficiaries, will face significant cuts even sooner than previously estimated,” said three top House Republicans on the Ways and Means Committee, which oversees both programs...
Social Security began running an annual deficit in 2010 when looking at tax income and benefit payments...
heyyyyyy, now this strikes me as the perfect time to create a brand-new huge entitlement! :roll: Obamacare, meet your doom - you have predecessors and they've already taken all the money.