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

To: Alighieri who wrote (622423)	8/1/2011 5:40:22 PM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1579830

>> Now a reasonable person would extract from what I wrote that it is probably incorrect to say that a program with 75 year projected expenditures of 9.9T would require 15T TODAY.. A "reasonable" person would need to know the rate of growth in spending vs. the rate of growth in earnings to make any statement on the issue at all. It is very "reasonable", however, to assume that the rate of growth in spending will outpace that of earnings substantially. That aside, nobody has ever said "expenditures" would be 9.9T, and certainly, the 75 year projected actual expenditures are much closer to 100 Trillion than they are 10 Trillion. What the trustee's report said was THIS: Table III.C23 shows an estimated present value of Part D expenditures through the infinite horizon of $21.5 trillion, of which $9.9 trillion would occur during the first 75 years. and, Because such amounts calculated over extremely long-time horizons can be difficult to interpret, they are also shown as percentages of the present value of future GDP. What this means, for the simple-minded, is that you would have to deposit $10 Trillion today to be able to pay the expenses coming in over the next 75 years and end up with zero at that time. To be able to fund the program into perpetuity (that is, enough that the fund wasn't underfunded at the end of 75 years) you would have to deposit 21 Trillion today. I don't know why you continue to argue a point you are so obviously wrong about.

To: Alighieri who wrote (622423)	8/1/2011 5:53:13 PM
From: tejek	Read Replies (1) \| Respond to of 1579830

And now the reality: WHIP COUNT: Debt-limit bill appears to have the votes to clear Congress By The Hill Staff - 08/01/11 05:39 PM ET The debt-limit deal announced on Sunday night is expected to attract more than 60 votes in the Senate, but its outlook in the House is much more cloudy. Speaker John Boehner (R-Ohio) will need Democratic votes to clear the bill through the lower chamber. How many remains unclear. A total of 216 lawmakers must vote in favor of the package for it to clear the House, and Boehner will need to rely on members from both parties. While some members are still undecided, many members on both sides of the aisle late on Monday said they would back the bill. The following is a rundown of The Hill’s constantly updated whip count: read more............ thehill.com