azotic wrote:
"John R. Carroll" wrote in message
...
azotic wrote:
A report from the Congressional Budget Office shows that for the
first time in 25 years, Social Security is taking in less in taxes
than it is spending on benefits.Instead of helping to finance the
rest of the government, as it has done for decades, our nation's
biggest social program needs help from the Treasury to keep benefit
checks from bouncing -- in other words, a taxpayer bailout.

Social Security will be $28 billion in the hole this fiscal year,
which ends Sept. 30.



http://money.cnn.com/2010/02/02/news...tune/index.htm

Exporting jobs finally shows results...............

Hey Tom, this was known to be on the horizon.
The Treasury doesn't need to help anyone because the huge surplus's
will now
be used, as intended, to cover benefit payments.
The downturn in our economy has certainly reduced revenues, and that
needs to be adressed but SS will NEVER, and isn't able to borrow
money. Taxes can
go up and benefit payments can be reduced but that's about it.


--
John R. Carroll

Agreed, my intrest is in finding data that gives a clear picture of
how much revenue
in the form fica and medicare taxes is being lost due to exporting
jobs, i havent been
able to find any data and am wondering if anyone is even tracking it.

Huntress might have some idea. One thing you'd have to do is look at the
number of jobs exports create as an offset.
You can't just say revenues are down because jobs have been lost through
trade policy.
The actual number of jobs is a lot less important that the tax base erosion.
The US is probably looking at a net gain.
You'd probably be surprised at that number. It's large.

Manufacturing exports, for instance, have risen prety steadily.

--
John R. Carroll