Tuesday, November 23, 2004

Have you considered investing in the banana market?

First we have this:

Republican budget writers say they may have found a way to cut the federal deficit even if they borrow hundreds of billions more to overhaul the Social Security system: Don't count all that new borrowing.

As they lay the groundwork for what will probably be a controversial fight over Social Security, Republican lawmakers and the Bush administration are examining a number of accounting strategies that would allow the expensive transition to a partially privatized Social Security system without -- at least on paper -- expanding the country's record annual budget deficits. The strategies include, for example, moving the costs of Social Security reform "off-budget" so they are not counted against the government's yearly shortfall.


from NYT

So, if they don't have to count it, it doesn't count! now, where in math class did you learn that was the right thing to do?


and then we have this from Yahoo news: The GOPs plan to privatize Social Security is a bad idea picture if you will in the future, economists in the streets with signs with "I told You so! crudely drawn with red marker

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