[phil_will1]

Here’s some breaking news on one of those “zits” as you call them:

“WASHINGTON – Social Security and Medicare are fading even faster under the weight of the recession, heading for insolvency years sooner than previously expected, the government warned Tuesday.

Social Security will start paying out more in benefits than it collects in taxes in 2016, a year sooner than projected last year, and the giant trust fund will be depleted by 2037, four years sooner, trustees reported.

Medicare is in even worse shape.”

http://news.yahoo.com/s/ap/20090512/ap_on_bi_ge/us_social_security

“If the FT is revenue neutral, as advertised, then it’s not going to magically create additional funds to fix those problems.”

You are correct; there is nothing “magical” about the way that the FairTax addresses these problems. As I explained above, the overall economy will grow faster than the payroll tax base and therefore provide a broader base from which to pull those revenues. There is certainly nothing magical about that.

Also, there is nothing magical about the difference between static and dynamic scoring. Please take some time to educate yourself on that issue.

You certainly have a right to not acknowledge the difference between static and dynamic scoring or the difference between the payroll base and the broader overall economy.

That does not mean, however, that those differences don’t exist. Please see my tagline.

[Filo]

Here’s some breaking news on one of those “zits” as you call them:

Sorry but the zits are the tax collection methods.

These items are the spending issues that represent the cancer.

The FT does not address these.

You are correct; there is nothing “magical” about the way that the FairTax addresses these problems. As I explained above, the overall economy will grow faster than the payroll tax base and therefore provide a broader base from which to pull those revenues. There is certainly nothing magical about that.

Well, there is since there is no reason to think that it'll be the case.

It's self-serving optimism with no basis in reality.

Also, there is nothing magical about the difference between static and dynamic scoring. Please take some time to educate yourself on that issue.

Not really, but it's mostly irrelevant.

That does not mean, however, that those differences don’t exist.

They do but their impact, and the impact of the FT, is miniscule as compared to the problem.

Zit and cancer.