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Economy US Imposes 19% Tariff on Thailand in Major Trade Shift
Like Crysler, that didn't last long did it. -
488
UK Mohammed Fahir Amaaz & Muhammad Amaad on Trial over Manchester Airport Clash
Running away again because other people disagree with you and post their opinions and back them up with evidence and facts too. We'll let you know when it's safe to come from behind the sofa. Maybe give it a couple of days then you can pop up with you one year old out-of-context quotes again then run away when someone asks you about them. -
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UK Labour Party getting excuses in early
I might be worse, you could be bothering someone. -
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Americans on SS: What will you do when SS will Cut $18,000 in 7 years?
Actually, from an unemotional standpoint -- they're not different. Thus saying that, a scenario where there's a cash flow deficit of $100B to cover annual SS benefit payments -- and where Treasury has to sell bonds for $100B to the public to cover this deficit (but in doing so, wipes out $100B in Trust Fund IOUs) -- hey, it's a wash, and the rules-that-be say there's absolutely no change in the National Deficit due to Social Security goings on. So, new scenario: SS has a cash flow SURPLUS and is thus able to cover all benefit payments without having to cash in IOUs -- thus Treasury doesn't have to sell bonds for any amount to the public. But this scenario also concludes that there is no change to National Deficit due to Social Security goings on. Samo, samo, right? Cato says 'wrong.' The negative cash flow scenario, and subsequent increase in public debt of $100B -- is a situation needing identifying -- and you can't do that if you apply a deficit definition that says the same thing for all situations. So, maybe we need some scenario-dependent definitions of what constitutes a deficit.... ...... and this has been addressed here: Anyway, looking at our early July discussions on this same subject -- we're just repeating ourselves. And a lot of folks smarter than us are at the same loggerheads. -
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