Re:Affirmative action at US colleges has been banned
by semiquaver on Thursday June 29, 2023 @11:22PM
(#36530147)
> Social Security spending is from a dedicated levy, which generates more income than it costs
Your information is out of date. Costs have exceeded tax income since 2010 and have exceeded total income (tax plus interest) since 2021.
The OASI trust fund that pays social security retirement benefits is projected to have a $53B (3.8%) actuarial shortfall this year, up from $40B last year. The trustees project this shortfall will increase every year thereafter until the fund is completely depleted ten years from now (assuming no change in law)
Re:Affirmative action at US colleges has been banned
by HWR_14 on Friday June 30, 2023 @09:09AM
(#36534188)
Do your numbers still hold with the vastly higher interest rates today compared to 2021?
Re:Affirmative action at US colleges has been banned
by semiquaver on Friday June 30, 2023 @09:38AM
(#36534666)
Yes, those numbers are all from the document I linked, the most recent annual report released this May.
In 2012, the US was fighting two wars, so the fact that DoD spending didn't go down by 2022 is indicative of the problem.
It's also misleading to use the few years when there was substantial pandemic related spending as indicative of the US's normal spending habits.