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Politics : The Castle -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (138)11/7/2002 5:49:59 PM
From: The Philosopher1 Recommendation  Read Replies (1) | Respond to of 7936
 
How much money do you think you need for a comfortable retirement.

Would five million dollars do it?

Fine. You've got it.

Simple.

Open Quicken. Create an account called "Retirement Fund."

Make a deposit in of $5 million dollars.

As the balancing offset, create an account called "owed to Retirement Fund." That will also be $5 million dollars.

Now, you have a five million dollar retirement fund. Quicken says so!

Tell your boss to shove it, buy a ticket to somewhere warm, and you're on your way to a happy retirement, courtesy of government financing principles.



To: TimF who wrote (138)11/8/2002 8:02:50 AM
From: Neocon  Read Replies (1) | Respond to of 7936
 
Yes, it does have a future liability. However, there is no very good reason to put it in the debt service column, as opposed to a multi- year appropriation. Additionally, it is subject to a kind of forgiveness (such as raising the retirement age) that the ordinary debt is not.


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