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Originally posted by Tyrone Slothrop
Money that comes in now is not invested. It's used to pay for current retirees.
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It's also used to fund government operations, magically reducing the deficit because it's not counted as part of it. (Does anyone remember who recently said that the 2-4 trillion Bush wants to borrow shouldn't be considered "debt" or "deficit", because it was really a "savings"?) This may explain why Bush wants to postpone PRAs until after his term ends -- he's not prepared to accept the immediate bloating of the deficit that will come,
before a single penny of the 2-4 trillion transition costs is spent.
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Your proposal is like my wife saying to me, we should buy a Mercedes, but I'm not sure about the costs. Well, sure. If money were no object, why not?
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This explains the gleam in her eye when she saw my Kraut car.
