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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (397620)	7/10/2008 10:18:53 AM
From: i-node	Read Replies (1) of 1576163

The estimate for the "unfunded" liability in the busted equipment alone when we come back from iraq is more than ten times that. The basic problem, and the reason I've tired of discussing this, is that you still don't understand what an "unfunded liability" or "solvency" is (you apparently also have unfunded liability confused with the depreciation of an asset, but that's a different story). The $10T does not "fix" the unfunded liability; they claim it will bring the fund to "solvency". At the end of 75 years, you still have a huge unfunded liability that is probably many times the $10T necessary to make ends meet. The claim that it will make it "solvent" into perpetuity still leaves you, at some far-down-the-road time, with a deficit -- but the methods involved discount anything 100 years from now to the point that very large numbers appear small. The presumption is that someone will put money aside today to grow into the large amount that is needed. Here's a great article for people who don't understand accounting basics. It was written by a Clinton appointee so you should be fine with that. heartland.org Since you obviously need to review the subject further, here are a couple more that grasp the nature and magnitude of the problem. heritage.org And one from a Democrat who blames Bush for the mess, where the GAO says the government has made $44 TRILLION in unfunded promises over the next 75 years (he goes on to point out that all taxes raised by the federal government, in its history, totalled $38 Trillion). senate.gov If you want to argue about this stuff, go argue with these guys -- they're your own team. It is one more instance of you guys not having a grasp of the situation because it involves a little analytical thought, which is apparently beyond your capability.

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