🚀 go-pugleaf

charlesw@sail.LABS.TEK.COM (Charles Wilson) writes:

>In article <1533@nazgul.UUCP> bright@nazgul.UUCP (Walter Bright) writes:
>>According to Prof. Walter Williams on the National Business Report, the
>>aggregate income of all Americans earning over $200,000 per year is
>>$209 billion. Therefore, if you simply confiscated *all* the income of
>>the rich, we would not eliminate the deficit, which some projections
>>estimate at $400 billion next year.

>Nor would eliminating the ENTIRE defense budget for a year.  BUT,
>eliminating Social Security Benefits for just one year would completely
>pay for the deficit.  Interesting...

Even more interesting . . . the federal government adds in the present
Social Security surplus monies when it computes the deficit, otherwise
the defecit would be much higher.  Economists are worrying now about
when people of President-elect Clinton's age get to retirement (read
Social Security eligibility) age and how the current surplus will most
*likely* become a deficit.

allen