General Discussion

HiPointDem

(20,729 posts)

38. 100% of social security is paid for by a dedicated tax taken from workers only -- not from income

Wed Jan 2, 2013, 12:58 AM

Jan 2013

taxes.

combining medicare, medicaid & chip is illegitimate. a large part of the funding of medicare *also* comes from a dedicated tax on workers.

medicaid otoh is pure 'welfare,' funded through the income tax.

bullshit on your misleading breakout.

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POTUS just said that Medicare is the biggest contributer to our deficit.... [View all] Motown_Johnny Jan 2013 OP

What? No mention of endless war? Luminous Animal Jan 2013 #1

Wrong BeyondGeography Jan 2013 #17

thank you bama_blue_dot Jan 2013 #23

Too bad it is a magician's trick that includes SS in the Federal budget... Luminous Animal Jan 2013 #35

Did you forget that SS and Medicare are paid for thru FICA TheProgressive Jan 2013 #29

Yep, see my post #32 Luminous Animal Jan 2013 #33

Only hospitals part A is funded with a payroll tax. dkf Jan 2013 #37

Hahaha! SS is not part of the budget. It is a stand alone program Luminous Animal Jan 2013 #32

100% of social security is paid for by a dedicated tax taken from workers only -- not from income HiPointDem Jan 2013 #38

You are conflating the two SEPERATE budgets. SS does not contribute one nickel to the deficit. grahamhgreen Jan 2013 #57

Until the government raids the trust fund for revenue BeyondGeography Jan 2013 #61

Which is a felony. Illegal. Why we fight. grahamhgreen Jan 2013 #63

I've been operating under what I thought was fact: SS is part of the budget only because snappyturtle Jan 2013 #76

Yes and no BeyondGeography Jan 2013 #79

Maybe it doesn't matter to you but it matters a great deal to me. Lasher Jan 2013 #86

Thanks for your explanation. nt snappyturtle Jan 2013 #89

What about defense and all these wars??? octoberlib Jan 2013 #2

Perhaps when he referred to the "bills that Congress incurred" CakeGrrl Jan 2013 #5

I'm sure that's what is being referenced and that means 2 wars and Medicare part D NotThisTime Jan 2013 #15

Very true. Didn't think about that. nt octoberlib Jan 2013 #28

wtf? flamingdem Jan 2013 #3

Because he knows the GOP is all hot to get rid of Medicare CakeGrrl Jan 2013 #9

Okay, that makes sense flamingdem Jan 2013 #12

The problem isn't a real one, because the traitoRs say all these stupid things to please their... Amonester Jan 2013 #34

The GOP was out for it regardless; Obama didn't open the door for them, they were barging in Hekate Jan 2013 #36

Good point about going on the offensive flamingdem Jan 2013 #81

and didn't the Bush tax cuts cause a huge shortfall as well? quinnox Jan 2013 #4

Are you saying the 98% should have their/our taxes go up too? Hekate Jan 2013 #41

It IS the biggest driver of our deficit. He stated a fact, phleshdef Jan 2013 #6

Really. War eats up 60% of the budget and Medicare is the problem. Okey-doke. Luminous Animal Jan 2013 #10

We won't always be involved in a war. We will always be involved in Medicare. phleshdef Jan 2013 #25

we've been constantly involved in war since ww2; longer than we've been involved in medicare. HiPointDem Jan 2013 #43

I mean a real war with high financial costs. phleshdef Jan 2013 #50

These are real modern wars and they have high financial costs. HiPointDem Jan 2013 #53

Your own linked chart pretty much proves my point. phleshdef Jan 2013 #55

bullshit. your point was 1) medicare is biggest driver of debt. it's not. over half of medicare HiPointDem Jan 2013 #62

Not bullshit because you are presenting the wrong data. phleshdef Jan 2013 #64

Maybe you're getting tired because it's not true. Present deficits have been OVERWHELMINGLY HiPointDem Jan 2013 #66

It is true. No one with any credibility refutes it. phleshdef Jan 2013 #68

Judging from you exchange there, I'd consider it pretty much refuted. Democracyinkind Jan 2013 #78

Wow, I'm glad a shiny graph so easily distracts you. phleshdef Jan 2013 #80

That is simply false. Medicare has a surplus and is funded for many years to come. Motown_Johnny Jan 2013 #70

Wrong wrong wrong. dkf Jan 2013 #7

You are woefully misinformed. Pretzel_Warrior Jan 2013 #8

He is referring to Medicare Part D, I am assuming. GoCubsGo Jan 2013 #11

Part B too which pays for doctors and outpatient services. dkf Jan 2013 #13

Which is rapidly expiring, because we don't pay enough in to cover the yearly cost. Yo_Mama Jan 2013 #44

Yes the general fund is the largest payer. dkf Jan 2013 #49

Doesn't matter Big War and Tax Cuts are the biggest drivers of the deficit. grahamhgreen Jan 2013 #59

Sorry, but Part D is a big part of the problem, too. GoCubsGo Jan 2013 #69

I have to agree with you there! grahamhgreen Jan 2013 #82

Obamacare pays for part D. It was unfunded but now it is not. Motown_Johnny Jan 2013 #71

Yes, but it's still costing us a heap of money. GoCubsGo Jan 2013 #73

He was probably referring to Medicare Part D. Relax! Liberal_Stalwart71 Jan 2013 #14

And Part B-Doctors and outpatient services. dkf Jan 2013 #21

Are we moving from 'medicare for everyone' pipoman Jan 2013 #16

No. We're. Not. Cha Jan 2013 #19

Seems we certainly aren't moving closer to the former.. pipoman Jan 2013 #45

Pentagon Develops Budget Invisibility Cloak Octafish Jan 2013 #18

Yes, it actually is frazzled Jan 2013 #20

I knew it must be from Ezra Klein. dkf Jan 2013 #26

Thanks for the wonderful summary karynnj Jan 2013 #72

thanks bigtree Jan 2013 #75

Good post Harmony Blue Jan 2013 #83

Rethuglican obstructionism and their war on the middle class is the biggest IMO lpbk2713 Jan 2013 #22

The President didn't say that. bluestate10 Jan 2013 #24

He needs to get ahead of it nadinbrzezinski Jan 2013 #27

It's linked to health care which is ProSense Jan 2013 #30

+1 nt MannyGoldstein Jan 2013 #31

That's a great piece by Krugman. dkf Jan 2013 #39

Facts: Medicare Trustee Report 2012 TheProgressive Jan 2013 #46

The SMI fund counts as revenues it's contribution from the general fund dkf Jan 2013 #51

Ok...I think I finally have it correct... TheProgressive Jan 2013 #54

No problem...the wording was confusing. dkf Jan 2013 #58

Yes, it is health care costs -- the real white collar crime in America (nt) Samantha Jan 2013 #48

The most important point Krugman makes, will not be greeted with enthusiasm here. Hoyt Jan 2013 #85

of course round two will be Obama offering up SS and medicare... bowens43 Jan 2013 #40

This is not true. Hekate Jan 2013 #42

wow. you have been on a roll of wrong today.... nt seabeyond Jan 2013 #65

Have you considered starting an Obama-Hater Club? And possibly.... OldDem2012 Jan 2013 #84

This does not sound right TXDem72 Jan 2013 #47

The general budget funds 40% of Medicare costs. dkf Jan 2013 #52

About half of Medicare is, and all of Medicaid and SCHIP is Recursion Jan 2013 #88

Round 2 will be a bigger fight than round 1. Faryn Balyncd Jan 2013 #56

link? Big War and Tax Cuts are the biggest drivers of the deficit. grahamhgreen Jan 2013 #60

I hope this just means he is going to up the crackdown on Medicare fraud siligut Jan 2013 #67

He says lots of stuff. dawg Jan 2013 #74

I thought he said "health care" was biggest contributor to deficit. That includes Medicaid. Zen Democrat Jan 2013 #77

Medicare/Medicaid is the largest contributer to our deficit. Bigger than all of Defense (nt) Recursion Jan 2013 #87