the Trust Fund has no value to the Federal Government, dollar value, correct?
Over the next 30 years, Social Security will pay out $14.6 trillion more in benefits than it takes in the payroll tax.
CBO has analyzed in great detail the long-term consequences of deficit spending.
Medicare will pay out $35 trillion more in benefits than it takes in the payroll tax over the next 30 years.
I do not personally think that is sustainable.
And, then, when the Trust Funds run out of the retirement benefits, right now, somewhere around 2033, what is the projection in terms of red...
So, let me focus in on Social Security, because you might be a little bit more familiar with those.
We need more taxpayers. And, that is going to happen by the capital investment that individuals make, not what the government spends.
The President seems to believe that we need to deficit spend today and for the next ten years in order to, in his words, 'invest in initiati...
We have a spending problem, not a taxing problem.
This is a national security issue.