-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
-
Popular Contributors
-
-
Latest posts...
-
165
-
38
-
327
Immigration Thailand Digital Arrival Card. TDAC
For doing an extension of stay at CW would we now need to include a printout of our TDAC (similar to how we needed to include a photocopy if our arrival card before)? -
87
He's NUTS...
No, you can comment on on what ever you want, but you lose any credibility when whining and crying like a little girl, when the orange man is not actually affecting you directly -
128
BBC in Trouble again.
For all you numties listen to what this so called Musician said he shouted "Aye but have you heard this one " then he shouts death death to the IDF this idiot hasn't even bothered to apologise. Arrest him and charge him for incitement. Incidentally Sidiq Kahn told us all any protesters waving a Palastine flag or any Hamas supporting insignia will be arrested. -
129
Three U.S. ex-presidents denounce the current one in a two-week stretch
You have completely misunderstood what I have said in previous posts. I agree 100% with what is in the first half of the article from TheHill. The portion of TheHill article that begins with "And then here’s the dirty little secret" makes an error that far too many people make. It conflates two issues that are completely unrelated. The two issues are a) the national debt and b) the impending shortfall in SS funding of benefits from 2033 onward. That essay in TheHill appeared in the Opinion section and bears the typical disclaimer attached to opinion pieces. I see that the author is Merrill Matthews a member of the very right leaning Federalist Society. It's not surprising that he uses the 'dirty little secret' phrase to add spice to his fact challenged attack on a cherished component of the American safety net. Here's the historical year end balance reported for the SS OSDI trust fund for years '57 - '24: https://www.ssa.gov/oact/STATS/table4a3.html Should I point out in what year the reported annual balance begins to decline? Since 2010 there has been a shortfall between the total benefit expenditure and the total intake from FICA and SS taxes. Up until 2021 that shortfall was covered by the interest paid by the Treasury on the special bills held by the SS trust funds. The above linked SS web page clearly indicates what is happening with the trust funds. Appendix A: The relationship between the US national debt and the SS trust funds is identical to the relationship between the Treasury and all other investors in US T bills. Of course the Treasury sells new T-bills to pay off the old maturing T bills..... it can't work any other way. Mr. Matthews is just trying to gin up anger to be used for political gain. Well... at least he did get the facts in the first half correct.
-
-
Popular in The Pub
.thumb.jpeg.d2d19a66404642fd9ff62d6262fd153e.jpeg)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now