Friday, July 29, 2005

Fiscal language watch

Senator Jim DeMint, sponsor of the Senate bill that would divert annual Social Security operating surpluses into newly created private accounts, is quoted in this week's Tax Notes Magazine as saying that Congress should act on his bill first. Then, once the annual surpluses have thus been "saved," there will be plenty of time to worry about long-term solvency.

This is certainly an interesting use of the word "saved." He proposes to create new benefits, apparently without any financing whatsoever until participants' traditional benefits are ostensibly cut back later on to pay back the implicit loans, and thinks or at least says that money is thereby being "saved."

If the plan passed, Congress would no longer be "spending" the Social Security surplus. True, so far as we can tell it would be spending just as much as previously, and borrowing to replace the diverted funds. But at least it wouldn't be spending those very dollars. It would instead be spending other dollars with different serial numbers printed on the front.

I have an even better idea. Congress could "save" the Social Security surplus by giving it to me. I promise to make good use of it.

27 comments:

Anonymous said...

I really enjoyed reading your Blog about ford car part. I also have a Blog/Website about ford car part come check it out!! Have a great day!

Anonymous said...

putting to waste some good money that could have been used in other areas of development for the business involved.

Anonymous said...

I appreciate the the detail and info on this site. Good read!

My web site that you are welcome to come and see is at http://www.easy-forex.com/Gateway.aspx?gid=9870 it is about forex foreign exchange broker

Anonymous said...

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

Anonymous said...

I am here because of search results for blogs with a related topic to mine.
Please,accept my congratulations for your excellent work!
I have a automobile insurance claim site.
Come and check it out if you get time :-)
Best regards!

Anonymous said...

Your blog I found to be very interesting!
I just came across your blog and wanted to
drop you a note telling you how impressed I was with
the information you have posted here.
I have a automobile insurance florida
site.
Come and check it out if you get time :-)
Best regards!

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 auto loan refinance rates site.
Have a good day!

Anonymous said...

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

Anonymous said...

Hi Friend! You have a great blog over here!
Please accept my compliments and wishes for your happiness and success!
If you have a moment, please take a look at my auto loans bad credit site.
Have a great day!

Anonymous said...

Hi Fellow! I was just searching blogs,and I found yours! I like it!
If you have a moment, please visit my auto refinance calculator site.
Good luck!

Anonymous said...

Hi, I am a fan - brill stuff!!
forex online platform trading

Anonymous said...

Cool Blog! If you get a chance I would like to invite you to visit the following shops blog, it is cool to!

Anonymous said...

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

Anonymous said...

Hey Fellow, you have a top-notch blog here!
If you have a moment, please have a look at my stock drive products 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 stock drive products site.
Good luck!

Anonymous said...

Your blog I found to be very interesting!
I just came across your blog and wanted to
drop you a note telling you how impressed I was with
the information you have posted here.
I have a bad credit card
site.
Come and check it out if you get time :-)
Best regards!

Anonymous said...

Hey Fellow, you have a top-notch blog here!
If you have a moment, please have a look at my bad credit home mortgage purchase site.
Good luck!

Anonymous said...

Bloggers

Looking for fl general contractors at http://doityourselfpro.com/. Well I recomend This Site.

Anonymous said...

Find The secret to the secret at http://loans4bills.com/. If you want to find out how you can get construction loans for homes help visit us

Anonymous said...

Want to apply for a credit card but not decided, you know Amex blue cash for business will be the card really useful for you.

Anonymous said...

I like your blog about auto loan.
Please take a look at mine about auto loan

Anonymous said...

Saw your blog about credit card debt consolidation loan - as it is along the same lines I thought I would share this link with you. We were paying far too much for family things like clothes for us and the kids, games consoles inc the new Wii and soon to be PS3, car insurance/home insurance/pet insurance, broadband, mobile phones, landline calls, home and garden items, camping equipment and utilities/loans etc - you name it, we were spending too much on it.

Then a friend of mine recommended a site called www.bargainplace.co.uk. We were able to get cheaper electricity, gas, mobile phone, broadband and loan deals at bargainplace. Thanks to my friend (and the site) I am saving something like £100 a month and can afford an extra holiday abroard each year. Booked of course on www.bargainplace.co.uk. Thanks bargainplace ;-) !!

Anonymous said...

An interesting read...

Regards,

Emini Daytrader
day trading information
day trading information

Anonymous said...

george mason university

Anonymous said...

.
.
.
.
.
.
Good blog - very interesting!! I liked it so much I'm going to share this hush hush advice with you. Ever wondered how your neighbours are driving around in their brand new BMW or Mercedes cars - with their kids dressed in all the latest named gear and foreign holidays aplenty?? Well they discovered the secret to the extra online income.

If you are looking for a free tool to attract loads of free links to your blog or website then congratulations I've got the solution for you - and it is FREE!!

My website specialises in request for credit reference and to drive traffic to my website I was searching around the internet for absolutely ages looking for SEO tools and ffa submission sites to fire my site up the Google search engine - unfortunately these doing work and in fact had the opposite affect plunging my site down the rankings like it had a heavy weight attached!!, then I signed up for this free superb traffic generating tool - I now have loads of hits to my websites/blogs and my site is shooting back up the Google rankings quicker than ever before.

Consequently this saw my affiliate commissions shoot through the roof - meaning lots of extra money coming in for my family - I bought my first Mercedes car on the proceeds of my online campaign.
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 and others who want to boost their online internet income.

I hope the tool will serve you equally as well as it has me - it's free!!

Best of luck, cheers for now, dave.
.
.
.
.
.
.

Tarpaulins Shop said...

Medium Weight Tarpaulins are the sheets that provide long-lasting protection to items that are being kept outside. We Supply a different variety of these Medium Weight Tarpaulin. They are neither heavy nor light in terms of weight. They are made from not so heavy materials, but they last for many years without getting damaged.

Tarpaulins Shop said...

Tarpaulins are the special kinds of sheets used for protection from dust and light. These Waterproof Tarpaulins are made from a special plastic material which makes them waterproof and dust-proof.