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Author: lhaselden Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 176529  
Subject: Re: Health costs and debate questions ignored Date: 11/1/2012 8:40 AM
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Social Security and Medic(are/aid) is more than double that number at about 45%.
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Social Security and Medicare are not paid from general revenue, no income tax revenues or corporate taxes have been used to pay social security and medicare in the last 30 years. The Congress has been 'borrowing' those funds to pay for tha military budget!

If you want to balance the budget in the next 4 years, great but medicare and social security are not in the red! They are in the black and the federal government is borrowing from those accounts. I would like to balance the budget but we need to cut other things that are paid from income tax revenue or raise income tax rates!
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