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re: What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/10/24 at 9:56 am to ReauxlTide222
Posted on 3/10/24 at 9:56 am to ReauxlTide222
quote:
Should we cut social security and Medicare?
Probably not
But we probably do need to look at the funding side of that
Not much we can do about spending mandates but there are things we can do about discretionary spending. The largest portion of discretionary spending is defense spending and our defense budget is out of control.
1
Posted on 3/10/24 at 10:14 am to Powerman
quote:
Probably not
Right answer
quote:
But we probably do need to look at the funding side of that
And how we can fund it to put back in what has been taken out.
As of 2021, roughly 3 trillion is owed to that from the federal gov who has been "Borrowing money" from it.
Another Law that Reagan signed.
From the Bush WH:
quote:
The Government Has Borrowed $1.7 Trillion From The Social Security Trust Fund. The government has borrowed the total value of the Trust Fund to pay for other government spending.
Social Security, like it or not, isn't the issue. It's the management of it!
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