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|Subject: Re: Simpson/Bowles on CNBC going off...||Date: 11/15/2012 6:18 PM|
|Author: DufusGoneSplat||Number: 1837185 of 2015683|
So if SS and medicare aren't causing the deficit, what is? Is it the wars which cost $100bil/yr or the tax cuts on the top rate which cost $70bil/yr? Or is it both? Lets see thats $170bil/yr. What's the deficit again?
Take a look at the following spreadsheet;
as taken from the Office of Management and Budget;
Note the "On-Budget" columns and the "Off-Budget" columns.
Today there are only two off-budget entities that were once on-budget: the Social Security system and the U.S. Postal Service.
The larger and better known programs under the Social Security Act and amendments are:
Federal Old-Age (Retirement), Survivors, and Disability Insuranc