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Started By
Message
re: Trump’s tariff revenue can make impact on national debt
Posted on 8/13/25 at 4:57 pm to GeauxBurrow312
Posted on 8/13/25 at 4:57 pm to GeauxBurrow312
quote:
SS reform is the most necessary of anything
It’s impossible to close the deficit without it
Then this is the correct answer.
1
Posted on 8/13/25 at 5:11 pm to GeauxBurrow312
quote:SS/SSTF will remain in SURPLUS through 2033!
SS reform is the most necessary of anything
It’s impossible to close the deficit without it
You've been fed a line of BS, and swallowed every morsel. If SS finally depletes the SSTF (hint: won't happen because SS is not what you think it is), SS will still run at a lower deficit than the rest of the US budget. Does that register?
Posted on 8/13/25 at 5:12 pm to wackatimesthree
quote:Good Lord!
Then this is the correct answer.
Posted on 8/13/25 at 5:41 pm to NC_Tigah
quote:
If SS finally depletes the SSTF (hint: won't happen because SS is not what you think it is), SS will still run at a lower deficit than the rest of the US budget.
I guess the fact that it is the single most expensive line item in the budget doesn't matter as long as it runs at a lower deficit than the rest of the budget.
Posted on 8/13/25 at 6:20 pm to NC_Tigah
We can spend 0 on everything but entitlements (SS / Medicare) and we would still be treading water. We spend more on interest than national defense
Posted on 8/14/25 at 7:06 am to GeauxBurrow312
quote:I agree 100%.
We can spend 0 on everything but entitlements (SS / Medicare) and we would still be treading water. We spend more on interest than national defense
But what you have to understand is Social Security is a different animal in that equation. Social Security is used as a vehicle to manage the debt, and until 2033, the Social Security trust fund used to manage the debt, will remain in surplus.
That may sound like a trivial detail as we all know social Security is now taking in only 80% of what it pays out. But it is neither trivial, nor a detail.
Going forward it is very important for folks to understand what Social Security is, and what Social Security is not. Social Security is a debt management vehicle. That has been its design since inception. It is a way to force American workers to lend the government money on extremely favorable terms to the government.
That money, social Security, trust, fund money, is immediately converted to federal debt vehicles, and then applied to non-Social Security spending. Social Security is not a "retirement benefit".
The importance of that is it entails an inherent understanding that Social Security will not be cut. The government cannot afford to cut it. In fact it will be expanded through payroll tax increases as long as the government remains in debt.
Healthcare, defense, and other programs will be cut if we are ever to reduce our national debt. Cutting Social Security, or eliminating it altogether, or privatizing it would be fantastic. I'm just telling you why that will not be done.
This post was edited on 8/14/25 at 7:09 am
Posted on 8/14/25 at 7:19 am to wackatimesthree
quote:Guess again.
I guess the fact that it is the single most expensive line item in the budget doesn't matter
Of course it matters!
I would love for Social Security to be privatized completely, or made optional, or both. I would love for COLA allowances to be eliminated. I would love to see cuts in the program.
I'm simply explaining to you why Social Security will always be handled by the government differently than any of the other programs.
As long as the Social Security trust fund serves as a debt management vehicle for the general fund, Social Security will not be cut. It will be expanded. The terms of the loan exacted upon the American workforce are simply too favorable to the government for the government to give away.
It has nothing to do with retirees or "benefits." However, "benefits" will be the modus for increasing payroll checks and expanding, rather than contracting the program. Unfortunately, the ignorance of the American populace with regard to Social Security will allow that to happen.
Posted on 8/14/25 at 7:20 am to NC_Tigah
quote:
But what you have to understand is Social Security is a different animal in that equation. Social Security is used as a vehicle to manage the debt, and until 2033, the Social Security trust fund used to manage the debt, will remain in surplus.
That may sound like a trivial detail as we all know social Security is now taking in only 80% of what it pays out. But it is neither trivial, nor a detail.
Going forward it is very important for folks to understand what Social Security is, and what Social Security is not. Social Security is a debt management vehicle. That has been its design since inception. It is a way to force American workers to lend the government money on extremely favorable terms to the government.
That money, social Security, trust, fund money, is immediately converted to federal debt vehicles, and then applied to non-Social Security spending. Social Security is not a "retirement benefit".
I agree with all of that
quote:
Healthcare, defense, and other programs will be cut if we are ever to reduce our national debt. Cutting Social Security, or eliminating it altogether, or privatizing it would be fantastic. I'm just telling you why that will not be done.
Half agree with that. We wont be able to reduce our national debt, no matter the cuts to anything else, without social security reform. Where I agree is that its unlikely to be done. At least anytime soon
I think the best realistic chance we've got is the growth of the sovereign wealth fund POTUS established. Using US influence to secure mineral rights, infrastructure development, roll student loans into it. If the fund can relatively pace deficit growth, we will be able to keep interest rates lower which buys more time to fix the rest
This post was edited on 8/14/25 at 7:23 am
Posted on 8/14/25 at 11:41 am to GeauxBurrow312
quote:I'd bet good money the "reform" will simply involve increasing SS/payroll tax from 6.2%/6.2% to 7.5%/7.5%. It will be sold to the public as the government doing a wonderful job to save a wonderful benefit.
Half agree with that. We wont be able to reduce our national debt, no matter the cuts to anything else, without social security reform. Where I agree is that its unlikely to be done. At least anytime soon
Posted on 8/14/25 at 11:45 am to Revelator
quote:This is some of the worst copium I've ever seen. Just look at the damn numbers.
President Donald Trump’s sweeping new tariffs are raking in unprecedented sums for the federal government—so much, in fact, that a top budget watchdog says the revenue rivals the impact of creating a brand-new payroll tax or slashing the entire military budget by nearly one-fifth. (These are rough estimates, to be sure, conveyed to communicate the magnitude of the tariffs, not precise contributions to the budget.) But can these massive cash flows, already topping tens of billions monthly, truly put a dent in America’s $37 trillion national debt? Actually, yes, according to the Committee for a Responsible Federal Budget (CRFB), which alternately calls the revenue being generated by the tariffs to be “meaningful” and “significant.” In theory, pouring $2.8 trillion from tariffs into the national coffers could markedly slow the growth of the federal debt. Congressional Budget Office figures and CRFB models suggest that, if kept permanent, Trump’s tariff regime could reduce the deficit by up to $2.8 trillion in the next decade.
Posted on 8/14/25 at 11:46 am to NC_Tigah
quote:
I'd bet good money the "reform" will simply involve increasing SS/payroll tax from 6.2%/6.2% to 7.5%/7.5%. It will be sold to the public as the government doing a wonderful job to save a wonderful benefit.
LOL...yep, but I bet they increase the retirement age as well.
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