and you thought you couldnt balance a check book....

[got tonkaed]

so i was stumbling around the internet today and happened across this little pdf which was rather bleak. ill let anyone interested read for themselves, but here are a few things i found at least interesting about it.

*of course when you are talking this long range you have to question whether or not projections can be accurate and if they are using the right models, i believe they provide their methodology in another pdf from the same site to the truly industrious*

However, i dont know that anyone who reads this could really argue that extending the current tax cuts could possibly be a good idea. Though i suppose if you were prepared to argue that before, youd be at least willing to give it a shot.

http://www.cbpp.org/1-29-07bud.pdf

[Neoteny]

I tried to open the pdf and every pdf file on my computer opened up with it...

o_O

There were some papers I didn't even know I had... I don't know what the hell I did, but I'll have to try again later, after the Adobe rebellion has calmed down...

[got tonkaed]

I tried to open the pdf and every pdf file on my computer opened up with it...

o_O

There were some papers I didn't even know I had... I don't know what the hell I did, but I'll have to try again later, after the Adobe rebellion has calmed down...

as far as i know its not a virus....so im placing the blame entirely on you lol.

[Neoteny]

I tried to open the pdf and every pdf file on my computer opened up with it...

o_O

There were some papers I didn't even know I had... I don't know what the hell I did, but I'll have to try again later, after the Adobe rebellion has calmed down...

as far as i know its not a virus....so im placing the blame entirely on you lol.

Fair enough. I'm pretty sure it was my fault anyway.

[btownmeggy]

I only read the first 5 pages or so, because I became highly skeptical, but let me say:

Assuming expenditure (and income) stability through 2050 is quite a stretch.

Obviously the Bush tax cuts and Medicare/Medicaid & Social Security in their current form will not last that long. I find this report more or less--MEANINGLESS. A waste. Worthless.

[got tonkaed]

I only read the first 5 pages or so, because I became highly skeptical, but let me say:

Assuming expenditure (and income) stability through 2050 is quite a stretch.

Obviously the Bush tax cuts and Medicare/Medicaid & Social Security in their current form will not last that long. I find this report more or less--MEANINGLESS. A waste. Worthless.

i agree in the sense that i dont think either one of those things would continue on as such. I think the statement that even if the bush tax cut was allowed to extend at all past 2010 the problems would increase by 60 percent was interesting to note.

Though i agree it is very difficult to assume certain levels of cost increase and predict conditions that far in advance, similar reports of potential problems only a decade in advance seem to be difficult to justify as well.

in many ways the report seemed to suggest that without seriously considering the cost of actions in the present, the sheer amount of interest added to principle alone would drive up costs a tremendous amount in the future.