Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Steve Dietrich who wrote (495637)	7/16/2009 1:17:34 PM
From: i-node	Read Replies (2) of 1574339

>> Medicare is currently running a surplus. I've gone over this with RW until I can't do it anymore. Neither of you understands the basics of accrual accounting, it is clear. This is it. If you can't get it, I recommend you take a Principles of Accounting course. My children are paying Medicare taxes today that were, as the program was conceived, to be held in trust so that when they turn 65 those funds would be available to pay for their benefits. Those funds are being spent NOW and will not be available when my children turn 65. While there is a CASH surplus, there is a HUGE, $36 Trillion unfunded liability -- A DEFICIT. By any reasonable accounting standard, there is NO surplus. Which is the reason no private plan in the country is allowed to use cash basis accounting. Now, I've explained this the best that I can. If you don't understand it, it is because you lack any understanding of accrual accounting. Just as RW does. Maybe you and he should get together and study introductory accounting. This subject is normally covered in the first six chapters of any basic accounting text.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next