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To: kabar
As Ryan has said many times, health care costs are driving our growing deficits and the national debt.

Ryan's right; the bulk of the problem right now is medical costs. Your post #12, however, creates the impression you think Social Security is the big problem right now; it's not.

It ultimately needs to have a stake driven through its heart, but right now it's a minor problem.

55 posted on 07/04/2011 5:30:54 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: DuncanWaring
I didn't author post #12.

There are 54 million on SS and it is now permanently in the red. The debate about whether Social Security faces a problem is over. The 2011 trustees report shows that the program already faces massive permanent annual deficits. In 2010, Social Security spent $49 billion more in benefits than it took in from its payroll tax. This year, that deficit will be approximately $46 billion. Now is the time to focus on solutions.

After adjusting for inflation, annual deficits will reach $81.5 billion in 2020, $288.4 billion in 2030, and $343.6 billion in 2035.

In FY 2010 we spent $3.5 trillion and took in $2.2 trillion. How do you propose we balance the budget any time soon?

57 posted on 07/04/2011 7:25:41 AM PDT by kabar
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