OT: shutdown

And if we're talking US, then it would be Ranger 4 in '62 (unmanned), and '

69 for the first man on the moon.

Sturgeon's Law says that 90% of everything is rubbish. Claiming that a lot of university education is rubbish doesn't devalue the useful 10%.

People complain that allowing more people to go through university lowers t he quality of the output - which is true in the sense that more university teaching time is wasted on people who won't finish their degrees - but even in the group that squeezes into university with the lowest possible univer sity entrance results, some soak up enough to graduate and go on to perform as well as people who looked cleverer at school.

Tertiary training relies on different skills and character strengths than t hose selected by university entrance exams, and those exams have regrettabl y high levels of false negatives.

Universities do imagine that the facts that they teach people are valuable. In reality, what they teach is how to find the facts and how to put them t ogether into a coherent and persuasive argument.

Some clown electronics professor recently argued that what you are taught a t the university has a half-life of 18 months, as Mores Law makes it obsole te.

Every electronic engineer I've known has spent an appreciable portion of th eir time keeping track of the new devices as they come on the market and wo rking out how they can be applied to solving the problems they are being as ked to solve at the time. If you mover to a new problem, you have to do a b unch of reading and searching to find what has happened since your last exp edition into that area.

--
Bill Sloman, Sydney
Reply to
Bill Sloman
Loading thread data ...

G > Liberals think all spending is investment. krw > That's why they think welfare pays back 10:1? Rainbow unicorns and all!

Reply to
Greegor

It only ever was a tax to the payor and a boon to the payee, nothing more.

It's not a Ponzi scheme though--Ponzi schemes are voluntary.

Cheers, James Arthur

Reply to
dagmargoodboat

ram >>cost exceeds tax revenue and interest earnings until depletion of tot al >>trust fund reserves in 2033, the same year projected in last year?s Trustees >>Report. Thereafter, tax income would be sufficient to pay about three->>quarters of scheduled benefits through 2087."

nd

ely off budget and a system unto it's own. All the payroll tax funds receiv ed are earmarked for SS Benefits, and nothing else.

Incorrect. See Helvering v. Davis, 1936 --

formatting link

"The proceeds of [SSI employer+employee payroll taxes] are to be paid into the Treasury like internal-revenue taxes generally, and are not earmarked i n any way. Section 807 (a)."

tax to other areas of government, it amounts to grand felony theft.

Nope. It's fair game, and that's what they do.

Cheers, James Arthur

Reply to
dagmargoodboat

It *all* wen tout the second you sent it in. There is no need for a "lock box". There is nothing there to lock up.

To call it a Ponzi scheme is a slur on Charles Ponzi.

Reply to
krw

ogram >>cost exceeds tax revenue and interest earnings until depletion of t otal >>trust fund reserves in 2033, the same year projected in last year? s Trustees >>Report. Thereafter, tax income would be sufficient to pay abou t three->>quarters of scheduled benefits through 2087."

and

etely off budget and a system unto it's own. All the payroll tax funds rece ived are earmarked for SS Benefits, and nothing else.

o the Treasury like internal-revenue taxes generally, and are not earmarked in any way. Section 807 (a)."

ll tax to other areas of government, it amounts to grand felony theft.

So, what happened to this HR219 idea in 2007?

Social Security Preservation Act of 2011 - Amends title II (Old Age, Surviv ors and Disability Insurance) (OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and S urvivors Insurance Trust Fund and the Federal Disability Insurance Trust Fu nd (Social Security Trust Funds) to ensure that the annual surplus of the S ocial Security Trust Funds is invested in: (1) marketable interest-bearing obligations of the United States or obligations guaranteed by the United St ates; or (2) certificates of deposit in insured depository institutions. Ou tlines requirements for determining the annual surplus of the Trust Funds.

Prohibits disinvestment of Social Security Trust Fund amounts from public d ebt obligations, any refraining from making such investments, or any delay in making normal deposits in such Trust Funds for public debt limit-related purposes. Authorizes, with certain conditions, the sale of Social Security Trust Fund public debt obligations for the payment of cash benefits and ad ministrative expenses.

formatting link

-Bill

Reply to
Bill Bowden

ElectronDepot website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.