I never said the Gov would run out of money, comrades. Just telling you how budgeting is done. I did a quick check and SS spending currently exceeds tax income and will soon if not already after restoration of the payroll tax. I have to take exception to Michael's point, which if you think about it is contradictory. If what matters is where the money comes from, the Trust Fund is exactly about that. It reflects the extent of financing from the payroll tax and taxes on benefits. Moreover, the trust funds have political salience, whether you like it or not. Accounting is not fiction. How you count and classify is profoundly political. Accounting is sexy.
On Sat, Mar 2, 2013 at 10:47 PM, nathan tankus < [email protected]> wrote: > ha the three of us had basically the same response at the same time. > > -- > -Nathan Tankus > > ----------------------------------------------------------------------------------------------------------------------------------------------- > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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