[Info-vax] HP stopping VMS paper documentation ?

[AEF]

On Dec 8, 9:55 pm, c... at wvnet.edu (George Cook) wrote:
> In article <28187830.863.1323362221431.JavaMail.geo-discussion-forums at pril5>, Kenneth Fairfield <ken.fairfi... at gmail.com> writes:
> > On Thursday, December 8, 2011 6:25:27 AM UTC-8, Bob Koehler wrote:
> >> In article <jbn3ma$lt5$1... at online.de>, hel... at astro.multiCLOTHESvax.de (Phillip Helbig---undress to reply) writes:

[. . . trimming in effect here . . . ]

> > No, Social Security is an *insurance* program: you pay into
> > over your working lifetime, and you draw out of once you
> > reach the age for which your cohort qualifies.  (Also note
> > that Social Security is entirely self-sufficient in that
> > SSI taxes, and only SSI taxes, fund it.  For deficit hawks,
> > SSI contributes $0.00 to the US debt.  In fact, the SSI
> > Trust Fund loans money *to* the US govt...and only to the
> > US govt...by investing in US Treasury Bonds, which is
> > mandated by law.)
>
> No longer true.  From the Washington Post on 10/29/11:
>
> "Now, Social Security is sucking money out of the Treasury. This year,
> it will add a projected $46 billion to the nations budget problems,
> according to projections by system trustees. Replacing cash lost to
> a one-year payroll tax holiday will require an additional $105
> billion. If the payroll tax break is expanded next year, as President
> Obama has proposed, Social Security will need an extra $267 billion
> to pay promised benefits."
>
> This means SSI has started redeeming bonds instead of issueing
> them.  Each bond redeemed is paid out of the general fund.  In
> other words, SSI is now directly adding to the deficit and debt.
> Now that the feds can no longer borrow cheap money from SSI, the
> US must borrow even more money from China.  We are now borrowing
> money to pay back borrowed money
>
> George Cook

What?! Tax breaks causing problems? Who'd a thunk it?

Again -- according to my brother-in-law's father anyway, an accountant
with many clients who own and/or run businesses -- no one ever hired
anyone because of a tax break, EVER.

According to a cousin of mine who is a successful investment banker:
Fixing Social Security is "a math problem," as he put it. "If we can't
do that, we can't fix anything," or something to that effect.

AEF