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	<title>Comments on: Trillions and Trillions of Dollars: Immigration-Bill Costs Old Media Won&#8217;t Talk About</title>
	<atom:link href="http://www.bizzyblog.com/2007/06/23/trillions-and-trillions-of-dollars-immigration-bill-costs-old-media-wont-talk-about/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.bizzyblog.com/2007/06/23/trillions-and-trillions-of-dollars-immigration-bill-costs-old-media-wont-talk-about/</link>
	<description>The Business End of the Blogosphere</description>
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		<title>By: dscott</title>
		<link>http://www.bizzyblog.com/2007/06/23/trillions-and-trillions-of-dollars-immigration-bill-costs-old-media-wont-talk-about/comment-page-1/#comment-115593</link>
		<dc:creator>dscott</dc:creator>
		<pubDate>Tue, 26 Jun 2007 04:51:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.bizzyblog.com/2007/06/23/trillions-and-trillions-of-dollars-immigration-bill-costs-old-media-wont-talk-about/#comment-115593</guid>
		<description>$2.6 trillion extra?  Not to worry Tom, it won\&#039;t affect us today or 10 years from now, the extra money will be tacked onto the National Debt like the rest of the SS taxes collected and spent.  So instead of SS going bust in 2042, it will happen a lot earlier.    Of course none of the politicians in office today will be around to take responsibility for their foolishness, they got their\&#039;s.

Let\&#039;s see SS holds about $4 trillion in current national debt, system goes bust 2042, that\&#039;s 35 years from now, which is a spending rate of 8.75 years per trillion dollars.  So $2.6 trillion represents 22.75 years of payments, which SS was counting on before saying sorry there isn\&#039;t anymore money and we have to jack up your SS taxes to 50%.  35 years minus 22.75 is 12.25 years which puts the SS trust fund going bust in 2019, just two years after the annual SS tax receipts no longer cover the current expenses.

Yup, the whole PONZI scheme is going to fall apart in 12 years IF they pass this immigration bill and allow illegally earned money to be credited toward SS benefits.  Well, I guess I might be wrong about none of the politicians being in office to take responsibility, in fact, they may not be able to collect on their retirement either.  Small consolation to the rest of us who paid in for years to get nothing back.  You know I am beginning to question whether being an Amercian citizen has any value to it.  It looks like all debts and minuses to me.</description>
		<content:encoded><![CDATA[<p>$2.6 trillion extra?  Not to worry Tom, it won\&#8217;t affect us today or 10 years from now, the extra money will be tacked onto the National Debt like the rest of the SS taxes collected and spent.  So instead of SS going bust in 2042, it will happen a lot earlier.    Of course none of the politicians in office today will be around to take responsibility for their foolishness, they got their\&#8217;s.</p>
<p>Let\&#8217;s see SS holds about $4 trillion in current national debt, system goes bust 2042, that\&#8217;s 35 years from now, which is a spending rate of 8.75 years per trillion dollars.  So $2.6 trillion represents 22.75 years of payments, which SS was counting on before saying sorry there isn\&#8217;t anymore money and we have to jack up your SS taxes to 50%.  35 years minus 22.75 is 12.25 years which puts the SS trust fund going bust in 2019, just two years after the annual SS tax receipts no longer cover the current expenses.</p>
<p>Yup, the whole PONZI scheme is going to fall apart in 12 years IF they pass this immigration bill and allow illegally earned money to be credited toward SS benefits.  Well, I guess I might be wrong about none of the politicians being in office to take responsibility, in fact, they may not be able to collect on their retirement either.  Small consolation to the rest of us who paid in for years to get nothing back.  You know I am beginning to question whether being an Amercian citizen has any value to it.  It looks like all debts and minuses to me.</p>
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		<title>By: Porkopolis</title>
		<link>http://www.bizzyblog.com/2007/06/23/trillions-and-trillions-of-dollars-immigration-bill-costs-old-media-wont-talk-about/comment-page-1/#comment-115586</link>
		<dc:creator>Porkopolis</dc:creator>
		<pubDate>Mon, 25 Jun 2007 16:36:05 +0000</pubDate>
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		<description>Rector was on C-SPAN this weekend.  I have links and transcribed some of his response to the White House report claiming that immigration is a net positive.

See: &lt;a href=&quot;http://porkopolis.blogspot.com/2007/06/must-see-tv-heritages-robert-rector-on.html&quot; rel=&quot;nofollow&quot;&gt;Must See TV: Heritage&#039;s Robert Rector on C-SPAN Washington Journal takes on White House report: Immigration&#039;s Economic Impact&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>Rector was on C-SPAN this weekend.  I have links and transcribed some of his response to the White House report claiming that immigration is a net positive.</p>
<p>See: <a href="http://porkopolis.blogspot.com/2007/06/must-see-tv-heritages-robert-rector-on.html" rel="nofollow">Must See TV: Heritage&#8217;s Robert Rector on C-SPAN Washington Journal takes on White House report: Immigration&#8217;s Economic Impact</a></p>
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