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Originally Posted by justjim
Tariffs are mostly “smoke and mirrors” and so are the so called federal employees buyout and layoffs. All sounds good and plays with a lot of Americans. However, you have to look at the Federal Budget closer to see where the most money is spent. It’s Defense programs and Entitlement programs such as S.S. and Medicare. It appears that most don’t want to touch the “entitlement programs”. The Defense Department is a slippery slope also. We cannot afford to let our military down. With inability to reduce the budget significantly and reduction of taxes being proposed we will be adding significantly to the deficit. Does anybody care about the deficit our children and grandchildren are going to face in the not too distant future? Fore.
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Money spent….entitlements.
Social Security funds were loaned by all of us to the US government for safe keeping and interest baring purposes. The funds need to be paid back to all who loaned their money in good faith to the US government under the guise of Social Security. I’m not really sure how the government could ever get by with saying they can’t pay us back just because they misspent the funds. The credibility of the US government, its finances and the dollar would collapse if payments were stopped. There are a few outs where payments could be stopped, those payments to any SSI recipients who hadn’t worked. You can call it an entitlement or whatever you like. The money is owed to those that loaned part of their income to the US government.
There basically wouldn’t be a US government if payments collapsed to the SS workers who loaned their money out to the government. The credit of the US, the dollar and everything else required for a government would fail.