On 04/27/2011 08:59 PM, Doug Henwood wrote: > > But the whole thing is preposterous. It makes no economic sense to > try to accumulate savings by borrowing from yourself.
It depends who the "you" in "yourself" is. The 1983 fixes generated a surplus in workers' savings and that surplus was invested in bonds. The savings will now bridge us until we can execute the necessary politics to get SSA again fully-funded. Yeah we'll probably have to kick the can down the road another 30 or 40 years but that should be easier than coming up with a scheme that funds the pension for all eternity. Build in another surplus to buy future-us some time to work out their future-politics. In the meantime, lend the new surplus to the Treasury who can use it to fund education and R&D. The road is infinite in length so we could continue this way forever. Matt -- GnuPG Key ID: 0xC33BD882 aim/google/MSN/yahoo: beyondzero123 _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
