Subj : Social Security Going Bro
To   : Earl Croasmun
From : Lee Lofaso
Date : Sat Nov 23 2013 23:03:12

Hello Earl,

 >>> That is why, if one looks up budget data, they don't just
 >>> find "wish list" data.  They also find out what actually
 >>> happened.  From Obama's 2014 Budget: "Historical Tables,
 >>> Budget of the United States Government, Fiscal Year 2014
 >>> provides data on budget receipts, outlays, surpluses or
 >>> deficits, Federal debt, and Federal employment over an
 >>> extended time period, generally from 1940 or earlier to
 >>> 2014 or 2018."

 >> Yep. The * Historical Tables* report the results.

EC>You stopped too soon.  It reports the actual budget receipts, the
EC>actual budget outlays, and the actual resulting surplus or deficit.
EC>Not just the budget REQUEST.

Scrap the cap.  Problem solved.

When it comes to taxation, some folks advocate a national sales tax,
or values added tax, as a replacement for the federal income tax.
Everybody pays the same rate, whether rich or poor.  In that light,
this type of tax is fairer than a progressive income tax (according
to conservatives).  And yet, those same conservatives cry foul when
it comes to removing the cap on social security.

Jesus had a few choice words for folks like that.  Actually more
than a few.  :)

--Lee

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