[dirtboy]

Obama is trying to starve the Social Security Trust Fund to get consumers to spend beyond their means.

Uh, the Social Security Trust Fund has always been nothing more than an empty shell. What Obama is doing is shifting part of the cost of paying Social Security to current receipients from FICA taxes to borrowing (or Fed money printing).

[Graewoulf]

” - - - Uh, the Social Security Trust Fund has always been nothing more than an empty shell. “

There is no SSTF because the Federal Govt. goes broke every year, AND has been in debt since the middle of the 1800’s. All income money goes into the General Fund.

By extending the payroll tax cut, there will be a reduction in Federal Income equal to the first year of the 1.2 Trillion dollars/10 years that the Super Committee failed to find.

Now the ball moves to the Obamanator to cut Federal spending for the same amount, according to the Speaker of the House Boehner Formula.

That would be a delightful pre-State of the Union present from the Republicans to the vacationing Kenya Kid.

[CanaGuy]

As it stands now, roughly 1/3 of all spending comes from borrowed money.

Deficit Spending

Is the borrowed money only for specific items, or is borrowed money spread across the whole spectrum? You imply that certain taxes fund certain items. Is that true?

[Praxeologue]

Obama is trying to starve the Social Security Trust Fund to get consumers to spend beyond their means.

Uh, the Social Security Trust Fund has always been nothing more than an empty shell. What Obama is doing is shifting part of the cost of paying Social Security to current receipients from FICA taxes to borrowing (or Fed money printing).

I was trying to distill the current debate into a five-second sound bite that the sheeple would understand. The SSTF narrows the topic to emotional bread and butter: Obama is risking your Social Security cheques. Otherwise, the discussion is just the need to cut expenses before cutting taxes, which is lost on the majority.