tag:blogger.com,1999:blog-3758330678390419129.post316729199219611541..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Doing the Math on Social Security and MedicareRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3758330678390419129.post-29923426632091848962012-08-20T11:04:23.810-04:002012-08-20T11:04:23.810-04:00Austrians (the real ones--not the Beltarian poseur...Austrians (the real ones--not the Beltarian poseurs) recognize and advocate that complete, true, and honest default *is* the solution. Payments should stop and all government debts should be instantly and irreversibly be repudiated. If you were stupid enough to lend to an evil, corrupt, criminal enterprise then you pretty well deserve what you get, don't you?<br /><br />Any other comments Robert P. Churchillhttp://www.supplysideforum.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-7273756890257318892012-08-19T17:35:18.173-04:002012-08-19T17:35:18.173-04:00Welfare state is not voluntary. Ponzi schemes are....Welfare state is not voluntary. Ponzi schemes are. <br />Why is North calling a non-spade a spade? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-69813727062556779782012-08-19T16:53:29.908-04:002012-08-19T16:53:29.908-04:00I don't think he stated it precisely, but if I...I don't think he stated it precisely, but if I understand correctly, he's still right relative to the point he's trying to make. The $106.5B doesn't exist. It has to be borrowed or taxed into existence, so it really represents a greater deficit to the SS program. Thus, the pressure to means-test SS is even greater.<br /><br />Of course, I don't see that as a bad thing. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-44865335870463971032012-08-19T16:08:16.179-04:002012-08-19T16:08:16.179-04:00Dustin - the so-called interest income of SS is ju...Dustin - the so-called interest income of SS is just deficit spending by Treasury. Non-interest income is taxes, and so is Treasury spending.averrosnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-61814973431383457252012-08-19T12:29:00.728-04:002012-08-19T12:29:00.728-04:00>There is hope.BUT WE MUST TAKE OUR REPUBLIC BA...>There is hope.BUT WE MUST TAKE OUR REPUBLIC BACK.<br /><br />Great, How? Specifics please!<br /><br />When the U.S. Financial debacle went into high gear around 2008 I began attempting to learn why it happened. I did this by attending policy events, reading books, reading online material from all different perspectives. I came to learn about Central Banking, in particular the U.S. Federal Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5873070534104001762012-08-19T11:39:37.259-04:002012-08-19T11:39:37.259-04:00I'm no economist, but it seems to me he has ma...I'm no economist, but it seems to me he has made an error. Why does he add the interest income for the SS fund ($106.5 bn) to the deficit of *non-interest* income relative to expenditures ($49 bn). <br /><br />The deficit starts out not including interest income, implying that if you include interest, the fund ran a $57.5 bn surplus. But instead he implies that the interest income makes the Dustinhttps://www.blogger.com/profile/05075929982393954867noreply@blogger.com