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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (434850)11/13/2008 6:51:24 PM
From: TimF  Read Replies (1) | Respond to of 1574683
 
SS has been in surplus

Which is another way of saying "Social Security spending is associated with a tax that's also called "Social Security". That's true but not very meaningful in terms of calculating how expensive social security spending is. The tax is just the way to cover the large expense, not a way to make it disappear or reasonably not count in budget calculations.



To: Alighieri who wrote (434850)11/13/2008 10:09:21 PM
From: i-node  Read Replies (2) | Respond to of 1574683
 
>> SS has been in surplus and will be for at least another ten years.

Let me pose a question.

Suppose I acquire widgets at a cost of $100,000, but haven't paid for them yet. Then, the next day, I sell them for $75,000, generating a $25,000 net loss on the transaction. Still haven't paid for them. Yet, I have $75,000 cash in the bank.

Do I have a $75,000 "surplus"?


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