Thursday, February 03, 2005

Hilarious idiocy

The White House, as linked on the Drudge Report, angrily explains today what a lie it is, per sources such as my previous post (quoting a high Administration official, to say that the Bush Social Security plan would take back investment returns from private account holders up to 3% annually, based on the funds they diverted.
Au contraire, the White House says, "Reality: Under President Bush's plan, participants would get EVERY SINGLE PENNY OF THEIR RETIREMENT ACCOUNTS -- BOTH the PRINCIPAL AND INTEREST."
To quote a bit more from the White House press statement:
"--For example, a worker who decides against taking a personal account might, in the future, get $15,000 annually in benefits from the traditional system, reformed to be permanently sustainable.
"--Another young worker could choose to invest in a personal retirement account. In exchange for the right to get the account, he gives up benefits from the traditional system. For example, he might give up one-third of those future government benefits, and be entitled to receive $10,000 annually from the traditional system.
"--A personal retirement account would belong entirely to the worker. If the account earns a 3% real rate of return - the worker would be right back where he started - at $15,000 of combined benefits per year."
Hold on, boys. The system you so indignantly distinguish from the one I described is in fact arithmetically equivalent to it, under ALL possible circumstances. It cannot possible make a penny's worth of difference whether you let people (a) keep the "$15,000 annually ... reformed to be permanently sustainable," while taking away retirement-account benefits up to 3% of the diverted payroll taxes a year, or (b) ket them keep their entire retirement accounts but take away an amount of traditional benefits equal to the same 3% per year.
Still, if it makes you happier to describe this as people's keeping "EVERY SINGLE PENNY OF THEIR RETIREMENT ACCOUNTS -- BOTH the PRINCIPAL AND INTEREST," while merely losing traditional benefits, I guess that going along with your preferred description is the least we can do for you, bubbalahs.
By the way, guys, could you help me with a small matter? I know you probably don't want to pay me for this blog, despite the Administration's largesse towards various journalists, given the sorts of things I say. But if you could see your way to paying me an amount equivalent to what you would pay me if you were paying me, that would be great. You see, I got expenses. And remember: you won't actually be paying me for anything. You will just be paying me the same amount as you would pay me if you were paying me.

28 comments:

Anonymous said...

Great Blog! A real pleasure to read! Do you know that Traffic
Portals
will really boost
your conversion rates and generate exclusively yours leads?
We offer VOIP
webinars
- Marketing Courses Using Web Conferences about Traffic
Portals
I also have a website that talks about various high profile topics such as starlight international natural trim and includes an eBusiness Directory. I also would like to tell all of you reading this terrific blog
about starlight international natural trim that should you be in need of a terrific host for a serious eCommerce
Website
that www.Kiosk.ws is an Awesome Hosting value! They have the best online support team for all of your
technical questions and a 3 minute emergency pager too. Looking to start your own affiliate program? They have an excellent script for you! They give you $70,000 dollars worth of software to build just about any type of e-commerce website you need! Go check it out if you get a chance. You can make more money than you spend and Create Free Will for Yourself! Again, Great Blog! Thanks. The info on starlight international natural trim was very informative!

Anonymous said...

What a wonderful invention it is, this thing we call the Internet!

Anonymous said...

selling car on ebay - The automatic money-machine on eBay. Let me show you how to automate YOUR eBay Business TONIGHT

Anonymous said...

With our free online money making opportunity you can get paid huge amounts of money with from the Internet sale of OVER ONE MILLION of the best products that are making other people millions of dollars! And you'll never stock or ship a single item... Ever!

Anonymous said...

Hi, Just browsing around for ideas for my site. (While we're at the same topic), I'm just getting started if you want to visit:
web hosting company

Charles

Anonymous said...

Hello :)

Please try to create more of this stuff... I are very eager to hear and read more on this site... After searching on google and even yahoo it was difficult to find some realiable informationrmation like the one U have here.........

Regards,
make online money fast

Anonymous said...

Hello :)

Please try to create more of this stuff... I are very eager to hear and read more on this site... After searching on google and even yahoo it was difficult to find some realiable informationrmation like the one U have here.........

Regards,
make money fast online

Anonymous said...

Hello :)

I could not find a website that provides this informationrmation like U do in here... I conclude that sites have more useful and good written information that websites have...

Regards,
money fast make online

Anonymous said...

A very good blog! Just added you to my url favorites. Maybe you want to do the same. I am at home owner s insurance. I update my site frequently with new articles and data. If you do not want to no big deal. I must say though I enjoyed cruising through your blog archives. Some very useful information. I already forwarded your blog link over to a few of my friends who have similar interests. So if you see some funny remarks it maybe them! Anyways, thanks again from! home owner s insurance

Anonymous said...

Hey just to let you know that yes I am promoting this but if you dont want to save at the pump then dont go to the site but I believe no matter who you are gas is just to expensive.

The goverment is using it and many other huge company's. This is not just some fly by night company or product. This is the real deal.

Anonymous said...

Doing the Google thing and found your tremendous blogsite. Some content here is very interesting. Not sure I agree with all but we all have our own thoughts.

All the best , come visit my web site if you like at - http://www.forex-affiliate.com/Affiliates/main.aspx?ref=5836 it is about ask jeeves affiliate program

Anonymous said...

A fantastic blog yours. Keep it up.
If you have a moment, please visit my auto insurance rate quotes online site.
I send you warm regards and wish you continued success.

Anonymous said...

Hi there Blogger, a real useful blog.Keep with the good work.
If you have a moment, please visit my auto insurance ratings site.
I send you warm regards and wishes of continued success.

Anonymous said...

This is an excellent blog. Keep it going.You are providing
a great resource on the Internet here!
If you have a moment, please take a look at my auto warranty insurance site.
Have a great week!

Anonymous said...

Hey Fellow, you have a top-notch blog here!
If you have a moment, please have a look at my automobile insurance brokers site.
Good luck!

Anonymous said...

Hey Fellow, you have a top-notch blog here!
If you have a moment, please have a look at my automobile insurance company codes site.
Good luck!

Anonymous said...

A fantastic blog yours. Keep it up.
If you have a moment, please visit my automobile insurance coverage laws site.
I send you warm regards and wish you continued success.

Anonymous said...

Hi there Blogger, a real useful blog.Keep with the good work.
If you have a moment, please visit my automobile insurance rates georgia site.
I send you warm regards and wishes of continued success.

Anonymous said...

Hi there Blogger, a real useful blog.Keep with the good work.
If you have a moment, please visit my make money with mortgages site.
I send you warm regards and wishes of continued success.

Anonymous said...

I was searching blogs,and I found yours.Please,
accept my congratulations for your excellent work!
If you have a moment, please visit my best car insurance quote site.
Have a good day!

Anonymous said...

I was searching blogs,and I found yours.Please,
accept my congratulations for your excellent work!
If you have a moment, please visit my best homeowners insurance site.
Have a good day!

Anonymous said...

I was searching blogs,and I found yours.Please,
accept my congratulations for your excellent work!
If you have a moment, please visit my boots travel insurance site.
Have a good day!

Anonymous said...

Hey, you have a great blog here! I'm definitely going to bookmark you!
I have a business health insurance site.
Come and check it out if you get time :-)
Greetings.

Anonymous said...

Register domain name Domain and hosting service. Domain names from $1.95 or free with hosting. Please visit Register domain name

Anonymous said...

Cheap domain host Free domain name with web hosting. Hosting from $8.96. Free phone support 24/7. Please visit Cheap domain host

Anonymous said...

Wow, you've got some great stuff aboutpersonal money management here on your blog.
Please come check out my site if you get a chance personal money management

Anonymous said...

Good blog - very interesting!! Thought you might like some excellent advice on driving extra traffic to your website/blog - I'm into introduction to nlp and to drive traffic to my website I was searching around the internet for absolutely ages looking for SEO tools to fire my site up the Google search engine, then I signed up free for this superb traffic gereating tool - I now have loads of hits to my websites/blogs and my site is shooting up the Google rankings quicker than ever before.

Consequently this can see your affiliate commissions shoot through the roof - meaning lots of extra money coming in for you and your family. Sign up now - it's free.
. Sorry if this information is of no use to you but seeing as you have the anonymous feature enabled I thought I should share this free bit of essential promotional advice with you and would hope you would do the same for me.

I hope the tool will serve you equally as well as it has me!!

Best of luck, cheers for now, dave.

Anonymous said...

make your own myspace layout