You like the Talking Heads?
Half time of the big bowl game and "Once in a Lifetime" trickles up from the fifty yard line.
Ok, my surreal-o-meter just blew up.
A few handy tidbits…
“The expected trust fund exhaustion date--the year in which the trust fund balance (and thus the trust fund ratio) falls to zero--is 2052 in CBO's projection. But as the uncertainty range in Figure 1-2 shows, there is a 10 percent chance that the exhaustion date will be 2034 or earlier and a 10 percent chance that it will be after 2085. Although the figure shows negative trust fund ratios after the exhaustion date, under current law the trust funds cannot be negative because the Social Security program does not have the legal authority to borrow money. Thus, those negative balances represent the cumulative amount that the federal government's general fund would have to provide to pay all scheduled Social Security benefits. “
What this “trust fund ratio” means is simply the amount coming in versus the amount being paid.
This does NOT MEAN it will run out of money.
This little snippet may help explain…
“Trust-fund-financed benefits equal scheduled benefits until the trust funds are exhausted (projected to occur in 2052) and Social Security revenues thereafter. In 2053, dedicated revenues are projected to equal only 81 percent of scheduled outlays, so trust-fund-financed benefits are 19 percent lower than scheduled benefits (see Figure 1-3). The difference grows: by 2100, projected revenues are only 71 percent of projected outlays. “
As for putting the SS trust money in the market, HAVE YOU SEEN THE F’N STOCK MARKET?!?!
Why not just bet it on a horse?!?!
Besides SS is a GREAT BARGAIN for retirement moneys…
Pension System | Annual
| Percentage Reduction
| |
| |||
Social Security | $11 per participant | 2 | |
Federal Thrift Savings Plan | $25 per participant | 5 | |
Mutual Funds (Average) | 1.09 percent of assets | 23 | |
Private Defined-Contribution Funds, by Analyst | | ||
| Pension Dynamics Corporation (Large plan) | $24 per account plus
| 21 |
| Pension Dynamics Corporation (Small plan) | $60 per account plus
| 30 |
| IRS Form 5500 Tabulation | $49 per account | 9 |
| General Accounting Office | $103 per account | 19 |
www.firstgov.gov really IS the best place to start when looking for anything government related.
It's got me feeling spikey...
OK, here we go.
I call bullshit.
"I saw a vivid example of what bureaucratic medical care meant back in 1959, when I had a summer job at the headquarters of the U.S. Public Health Service in Washington. Around 5 o'clock one afternoon, a man had a heart attack on the street near our office.
He was taken to the nurse's room and asked if he was a federal employee. If he was, he could be sent to the large, modern medical facility there in the Public Health Service headquarters. But he was not a government employee, so an ambulance was summoned from a local hospital.
By the time this ambulance made its way through miles of downtown Washington rush-hour traffic, the man was dead. He died waiting for a doctor, in a building full of doctors. That is what bureaucracy means."
Right wing talking heads LOVE these goofy anecdotal arguments, but frankly I'm pretty sick of them.
Dude, what doctor is really gonna stand there and let you die because of some bullshit paper trail?
Have you ever talked to a doctor who would let this happen? Ever?
More from the same post:
"Many of the same politicians who are gung ho for imposing price controls on prescription drugs, or for importing Canadian price controls by importing American medicines from Canada, have not the slightest interest in stopping frivolous lawsuits against doctors, hospitals, or drug companies -- which are huge costs."
Now the latest statistic I heard was that frivolous lawsuits, you know, the ones that get thrown out of court for being, you know, frivolous are actually a pretty small cost.
It's the legitimate lawsuits that end up costing the industry.
Ever here of Vioxx?
That one is gonna cost 'em.
These are the lawsuits the righties want to see have tort reform done on.
…it’s moments like this that make me really feel better about being an atheist.
I keep waiting for the sarcasm/irony/just kidding to show up, but it never does.
Oh and I should probably throw this one in too…
ME: Feeling pretty superior over here.
The
“What’s in YOUR bible?”
A buddy of mine mentioned the other day that Einstein had won the Nobel Prize for his work on Brownian Motion.
That didn’t ring right with me so I looked it up.
It was in fact in 1921 "for his services to Theoretical Physics, and especially for his discovery of the law of the photoelectric effect"
http://nobelprize.org/physics/laureates/1921/
More on the photoelectric effect:
http://theory.uwinnipeg.ca/physics/quant/node3.html
I always like to mention this one to people who get to uppity about what a maniac Yasser Arafat was.
http://nobelprize.org/peace/laureates/1994/index.html
And of course for people who get to uppity about Kofi Annan…
http://nobelprize.org/peace/laureates/2001/index.html
Or people who think Reagan “won” the cold war for
http://nobelprize.org/peace/laureates/1990/index.html
And for some strange reason nobody won the PEACE prize 1939-1943. Huh. Go figure.
The chemistry prizes are kinda weird.
They seem to be either for something really non-specific and bland:
"for their theories, developed independently, concerning the course of chemical reactions"
http://nobelprize.org/chemistry/laureates/1981/index.html
or for something SO specific/esoteric you need to be a candidate for a Nobel just to understand the significance of the discovery.
Like:
"for the discovery of ubiquitin-mediated protein degradation"
http://nobelprize.org/chemistry/laureates/2004/index.html
or
"for his fundamental contributions to the establishment of oligonucleotide-based, site-directed mutagenesis and its development for protein studies"
http://nobelprize.org/chemistry/laureates/1993/index.html
You’ve taken on the NRA, GM, Nike, Downsizing, and the Bush Administration, what do you do next?
http://americaputmeoutofbusiness.com/michael_moore/michael_moore_movie.php
Nice web site too.
Or…
A sequel?
http://thepete.com/index.php?p=1008