The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Political Asylum


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