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>> entitlements I really hate that word. People apply it in a derogatory way to social security, which is funded through a separate tax, and has its own pile o
by phkahler 3y ago
>> entitlements
I really hate that word. People apply it in a derogatory way to social security, which is funded through a separate tax, and has its own pile of money. The only way it really affects the federal budget is when they borrow from that fund or have to pay back into it.
- resters 3y agoI wasn’t trying to use it in a derogatory way. It just happens to be where most of the revenue goes.
- phkahler 3y ago>> I wasn’t trying to use it in a derogatory way. It just happens to be where most of the revenue goes. SS taxes aren't general revenue. And any part of other revenue paying for SS is actually repaying the loan taken out by treasury.
- resters 3y agoRight. The point of my comment was not about how the accounting is (or should be) done, but on how little of the dollars paid overall in taxes are able to be used to improve infrastructure. That doesn't mean that none of the existing uses are worthwhile, just that we are unlikely to see political changes that result in significant infrastructure investment.