Sorry about that xcali. I wasn't aware of the changes in 1985 - 1990 to the budgetary process. Please disregard.

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When they discover the center of the universe, a lot of people are going to be disappointed they are not it.

Bush financed the wars on emergency appropriations so the cost would not be added to the Federal budget baseline. This kept the ten year spending plan from being distorted by the temporary war costs. The emergency appropriations were not hidden, Congress had to vote on them including Democrats in the majority.

Nice touch quoting Obama the Ignorant on including a ten year spending plan in the budget proposal. That has been done for decades. But wait, Obama expanded the plan to 12 years with heavy cuts in the last 2 years after he is long out of office.

By placing the war cost back into the Federal baseline Obama inflates spending across the board. He then makes the deceptive claim he is cutting spending by subtracting war costs from future budgets.

I understand that, and by using the Emergency Appropriations he was able to keep the Spending off budget so that it would not be reflected in the deficits. It goes toward the national debt but does not count as deficit spending.

By placing the Spending back On Budget we are getting the true numbers in the budget and the deficits increased by the amount of War spending. I'm not aware of any claim from Obama that he is subtracting war costs from Future budgets... Considering he doesn't have one of his own budgets passed I'd say that claim is false.

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Afraid your dreaming there dude..

Ok, So suppose I give Obama credit for his part of spending in the 2009 year.. That means Bush's Deficit would be 1.38 trillion dollars. The CBO estimated before the Stimulus passed that if it was implemented it would raise the Deficit for 2009 by 185 billion dollars. So Obama spent a tiny fraction of the deficit in 2009.. Most of his stimulus spending went on the 2010 and 2011 deficits.

So Bush still gets credit for the First and Largest 1.4 trillion dollar deficit.

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I saw your other post so I'm ignoring the insults.. but I would like to respond to the post...

Social Security is not a trust fund. Social Security is a Pay as you go Retirement Program. This is one reason, THE MAIN reason I am disappointed in Obama on. The Payroll Tax.

Revenues that come into the Government each month through the Payroll tax are used to pay current monthly Benefits. If there is excess revenues then that Money goes into the SS trust fund, by way of Special Securities purchased by the Government. Basically the Government borrows this money and issues an IOU to the trust fund. As long as there is more coming in each month than is needed to pay monthly benefits then the Government does not have to buy back those securities. If say one month the Revenues drop off and they don't have the cash to pay monthly benefits, then the Government by Law has to pay off enough IOU's to cover those benefits.

When Reagan created this reform back in 1983 it was his plan to use the surplus to fund government spending. He kept SS on Budget for a time to allow the surplus to build, but it was written into the Law that in 1990 SS would go Off Budget . This was to hide the additional spending from the surplus by keeping it off the budget. Clinton used the surplus to help close the deficits when he balanced the budget in the last 2000's. When Clinton left office there was almost 3 trillion dollars in the Surplus. That doesn't mean we had that much money in there, that money was in the form of IOU's . The Government blew through the Surplus .

Then Obama cut the payroll tax down to 4% for Employees. This put SS in the red starting in 2010 and into the future. With unemployment still at 8% and the payroll tax still at 4% there is not enough revenues coming in each month to cover benefits being paid out. This means the Government each month now has to buy back enough Securities to cover current costs. This means the Government has to Borrow more because they used the Surplus as a piggy bank and allowed it to run dry. That spending is now going on the debt because the payroll revenues are still in the red.

Social Security is not solvent, it's running on it's last leg . Once the surplus has been depleted and all the securities have been paid back by the government the program will rely on whatever revenue comes in each month. This means benefits will have to be cut for some or all ..

Why do you think Republicans have been trying for years to Eliminate the program? They are trying to find ways to get out of paying back this debt. This is tax payers money that the Government has squandered and now they look for ways to get out of paying it back.

Obama's biggest mistake was cutting the payroll tax. When it was at 6.2% the program was at least solvent. In order to fix it we need to raise that payroll tax back to 6.2 % or go to 7%.. We need to pass a jobs bill and infrastructure bill to drive unemployment back down below 4%. We need to eliminate the Cap on SSI payments. and if that isn't enough we should extend the retirement age to 70 over a period of time...

ok.. rant over....

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First you say SS isn't a trust fund and in the very next sentence, you say the money goes into a SS trust fund. You aren't making any sense. From the Social Security office of the government:

Trust Fund FAQs

The first question is what are the Social Security Trust Funds. The answer:

So if the federal government considers Social Security trust funds, how can you claim it to be different?

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When they discover the center of the universe, a lot of people are going to be disappointed they are not it.

you said this...
Which is not true. Social Security is the Program, the Program will and has worked without the Trust Funds. The Trust Funds were created to keep over payments into the program by building a surplus.

The is a difference between Social Security and Social Security Trust Fund... They are not one and the same.

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This guy explains it better than I can:


http://www.forbes.com/sites/peterfer...world-history/

So the budget you want to blame on Bush was passed and implemented by the Democrats who controlled the House and Senate at that time. And quite a bit of the budget was left until 2009 after Obama got into the White House. Can you blame that on Bush also?

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When they discover the center of the universe, a lot of people are going to be disappointed they are not it.

Total BS. The federal government says SS is kept in trust funds and there is only one SS. Why can't you admit you are wrong?

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When they discover the center of the universe, a lot of people are going to be disappointed they are not it.

The Social Security Surplus is kept in trust funds.. Monthly checks are paid by revenues taken in each month...

Because I'm not wrong...

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