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To: Toddsterpatriot
the ability of the gov to pay Soc Sec in the coming years, when payments exceeds receipts, will depend on the size of the economy.

No, it would depend on the government's capacity to borrow which you (incorrectly) implicitly assume is based on the size of the economy (which you incorrectly assume will grow) REGARDLESS of whether the government gets to tax that economy.

117 posted on 09/04/2002 9:28:42 AM PDT by Deuce
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To: Deuce
No, it would depend on the government's capacity to borrow which you (incorrectly) implicitly assume is based on the size of the economy (which you incorrectly assume will grow) REGARDLESS of whether the government gets to tax that economy.

If the ability to borrow is not based on the size of the economy, what's it based on?

Isn't 10% of 10 trillion the same dollar amount as 5% of 20 trillion? Wouldn't the latter be preferred?

119 posted on 09/04/2002 9:33:49 AM PDT by Toddsterpatriot
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