Eventually these types of programs all get out of control. See medicare, social security, student loans, food stamps, etc.
Eventually these types of programs all get out of control. See medicare, social security, student loans, food stamps, etc.
I don't know what you see as "out of control" about medicare, social security, or food stamps, but it doesn't really matter.
The more important question is why you think the minimum income should be limited to bare subsistence. Once the system is in place, you can use it to control job availability. Not enough jobs? Raise the minimum income and people will work fewer hours.
Regarding "subsistence", make NOT working attractive and you get more of it. It's simple human nature.
http://en.wikipedia.org/wiki/File:U.S._Federal_Spending_-_FY...
So where does your condescension come from regarding others' knowledge of spending vs taxation?
Edit: What I mean is, the amount they are obligated to spend is set on a yearly bases (maybe tri-yearly in some cases), not on a 60-year horizon in which entire generations expect a future payment.
Forget about the use of "funded" vs not -- wouldn't you say the above is a pretty substantive difference? If we have to cut the fat, we have the option at any time of slashing military spending. In contrast, slashing other spending means stiffing pensioners who predicated their whole lives on it. We have an obligation to give them a realistic estimate of how much will be around when we hit a serious fiscal cliff -- in addition to cutting military spending.
Where does this money come from, if GDP and thus gov't revenue is not increasing?