If we still had that $7 trillion (plus interest), Social Security and Medicare would be in a lot better shape.Although I mostly agree with you, my problem is that the government still pretends that Social Security and Medicare are somehow seperate from the rest of the government's income, expenses and balance sheet. Its easy to see how the public doesn't connect the Bush Tax Cuts to SS/Medicare, when we put on this charade that payroll taxes and entitlement programs are a closed system. If the payroll tax was lumped in with all the rest of our taxes on income, and SS/Medicare funded out of general government revenues, that may go a long way towards helping people understand how foreign wars and tax code changes impact the safety of their government pensions and health care.
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