Found, $12 trillion dollars

Alex Moon · Post by **Alex Moon** » 2003-06-25 03:39am

http://www.janegalt.net/blog/archives/004214.html

THE SOCIAL-SECURITY TIME BOMB could very well prove to be a dud. The doom and gloom red-ink budgetary forecasts of recent years have overlooked some astoundingly good news for the government: pensions, IRAs and other tax-deferred accounts should generate some $12 trillion in taxes by 2040. This mind-boggling pot-of-gold is larger, at a minimum, than the sum of the 75-year actuarial deficits in either Social Security or Medicare, according to Stanford economist Michael Boskin , who has written a pioneering paper on the subject for the National Bureau of Economic Research. We could end up with enough to offset both shortfalls, he says.

Thoughts anyone?

Howedar · Post by **Howedar** » 2003-06-25 03:49am

I hope its true.

Tsyroc · Post by **Tsyroc** » 2003-06-25 11:02am

I hope it's true but that our government forgets about it entirely. I don't want those dumbasses in congress spending it before they have it. I also don't want them to use projections on those taxes to make up bs reasons as to why the budget is balanced etc...leading to shit talking and more spending.

I also don't want to hear crap about how this is Bill Clinton's (or any president"s) legacy because most of it was invested during his term of office.

Post by **Ghost Rider** » 2003-06-25 11:24am

A. They find about this NOW?!

Sorry after doing taxes for a few years...you literally see how this is a gold mine...*sigh*

B. I agree with Tysroc...I hope they forget about it in some form and fashion and not use it before it comes into reality.

Knife · Post by **Knife** » 2003-06-25 11:59am

Howedar wrote:I hope its true.

Actually I hope it isn't. The only way I see the goverment fixing the Social Security nightmare is if it goes tits up. I know that seem harsh of me, but SS needs some fine tunning and it won't happen if it still scraps along.

Post by **Sea Skimmer** » 2003-06-25 02:08pm

Planned, 12 trillion in new spending

HemlockGrey · Post by **HemlockGrey** » 2003-06-25 10:36pm

Well, our supplies of bombs are running kinda low, and we'd really, really like to be able to fight China, the EU, and most of Africa at the same time...

Joe · Post by **Joe** » 2003-06-25 11:46pm

My guess is that the government will do what it usually does with such revenue; spend it once, then promise to spend it again later. I hope I'm proven wrong, but as long as there are seniors that vote I doubt it will be.

Post by **Sea Skimmer** » 2003-06-26 12:02am

HemlockGrey wrote:Well, our supplies of bombs are running kinda low, and we'd really, really like to be able to fight China, the EU, and most of Africa at the same time...

We do not need eight billion bombs to do that.

HemlockGrey · Post by **HemlockGrey** » 2003-06-26 12:48am

We do not need eight billion bombs to do that.

Let's make a deal. The next time I am incorrect on some matter of modern military capabilities, you'll just grit your teeth and bear it, ok?

Dark Hellion · Post by **Dark Hellion** » 2003-06-26 02:25am

Come on skimmer, we gotta make sure they are really really dead. Maybe we should buy some nukes, and give everyone in the U.S. an espresso machine too. That would be a good way to spend it huh.
But honestly, sounds kinda fishy, and really will be flushed down the shitter like all the money those idiots in washington get.
Who here thinks we should try to get 1 of our board members into washington, it would be a fun little experiment.

Rubberanvil · Post by **Rubberanvil** » 2003-06-26 02:41am

HemlockGrey wrote:
Let's make a deal. The next time I am incorrect on some matter of modern military capabilities, you'll just grit your teeth and bear it, ok?

You just use the wrong weapon (should have use cruise missiles instead

) in your statement.

Post by **Sea Skimmer** » 2003-06-26 03:02am

Dark Hellion wrote:Come on skimmer, we gotta make sure they are really really dead. Maybe we should buy some nukes, and give everyone in the U.S. an espresso machine too. That would be a good way to spend it huh.

Well, we could buy 170,000 or so Peacekeepers with a couple million warheads yielding around 600 gigatons.

Sarevok · Post by **Sarevok** » 2003-06-26 04:23am

Sea Skimmer wrote:
Dark Hellion wrote:Come on skimmer, we gotta make sure they are really really dead. Maybe we should buy some nukes, and give everyone in the U.S. an espresso machine too. That would be a good way to spend it huh.
Well, we could buy 170,000 or so Peacekeepers with a couple million warheads yielding around 600 gigatons.

I would leaving towards another star system if that happens.

The Duchess of Zeon · Post by **The Duchess of Zeon** » 2003-06-26 08:12am

Ghost Rider wrote:A. They find about this NOW?!

Sorry after doing taxes for a few years...you literally see how this is a gold mine...*sigh*

B. I agree with Tysroc...I hope they forget about it in some form and fashion and not use it before it comes into reality.

They've probably known about it for a while, but certain people have been ignoring it as an excuse to argue against tax cuts, and others have avoided mentioning it until it could be firmly substantiated.

Col. Crackpot · Post by **Col. Crackpot** » 2003-06-26 08:18am

ohhhh shit. i can just imagine what congress will buy with 12 trillion fucking dollars. they'll most likely blow it all buying something dumb, like New Zealand or 5000 flying school busses.

Post by **Vympel** » 2003-06-26 08:36am

Col. Crackpot wrote:ohhhh shit. i can just imagine what congress will buy with 12 trillion fucking dollars. they'll most likely blow it all buying something dumb, like New Zealand or 5000 flying school busses.

I can just see it now: Congress authorizes 12 trillion in spending that they don't have yet.

Col. Crackpot · Post by **Col. Crackpot** » 2003-06-26 09:39am

Vympel wrote:I can just see it now: Congress authorizes 12 trillion in spending that they don't have yet.

wouldn't be the first time.