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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: wonk who wrote (149728)	11/12/2010 7:41:42 AM
From: KyrosL	Respond to of 541735

intellectual consistency Shouldn't you subtract from Social Security and Medicare deductions the Social Security and Medicare expenditures of the government to determine what part of those deductions are intellectually equivalent to income taxes? Alternatively, if you consider the deductions taxes in their entirety, you must also consider the SS and Medicare payments as welfare in their entirety.

To: wonk who wrote (149728)	11/12/2010 12:09:28 PM
From: JohnM	Respond to of 541735

Now let me suggest why it will never happen. Always important to keep saying this. Thanks.

To: wonk who wrote (149728)	11/12/2010 12:44:15 PM
From: Little Joe	Read Replies (1) \| Respond to of 541735

But wouldn't it also be true that the lock box money would be used to purchase bonds that would otherwise have to be purchased on the open market and repaid anyway. So either way the bonds will have to be paid. So lets say the government wants to borrow 100. It borrows10 from the lock box and 90 from other sources. It still has to pay back 100.00, It is just a matter of who the debtor is. Where am I going wrong here? I think I am correct that the "lockbox" money is a loan to the government and bears interest as any bond, although I seem to recall that the interest rate is less. lj