U.S. Social Security is sustainable if sequestered military cuts are sustained

Washington : DC : USA | Apr 26, 2012 at 4:25 AM PDT

By northsunm32

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To understand the projected shortfall in U.S. Social Security over the next 75 years it is best to understand the trillions of dollars involved by comparison with other tax policies and priorities. This is what Robert Greenstein of the Center on Budget and Policy Priorities does as described by Robert Naiman here.

If the tax cuts made under the Bush presidency were extended for the nextl 75 years the revenue loss would be approximately twice the shortfall in Social Security over the same period. If the tax cuts are affordable covering the projected shortfall of social security is more than affordable.

Naiman next goes on to show that the cuts projected to the military under the Budget Control Act that are now sequestered would also cover short fall to Social Security over 75 years. So Social Security's shortfall could be solved just by going through with the projected cuts to the military. It is just a question of which choices the government makes not a question of Social Security being unsustainable. Why is it not the present level of military spending that is unsustainable. For the entire argument see the full article.

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northsunm32 is based in Brandon, Manitoba, Canada, and is an Anchor for Allvoices.

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Post a Comment Comments: 3

Posted By

Dava Castillo | about 1 year ago

Thanks for the report North.

Military cuts are always political with the hawks and doves in Congress competing against each other. The politics of fear works as Bush showed by getting us into wars without paying for them. The cry by the right is America is at risk by cutting the military budget. It's semantics as well. When referring to the military as "defense" people start believing we cannot defend ourselves if the military budget is reduced. Of course that is not the case, but perception is reality to some, should we say the "masses." : (

Posted By

scotamerican | about 1 year ago

Why don't we stop giving money to countries that pretend to be our friends? Pakistan, Egypt, Afganistan, etc. What would we save? High billions? THAT should be the first place we save significant quantities. Something about throwing good after bad comes to mind...
And, yeah, I'm in the military.

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