Monday, June 11, 2007

With Interest

If you had a $30,000 loan with a ten percent interest rate, would you take a $10,000 loan to pay for part of it that came with a fifteen percent interest rate?

There are a lot of reasons not to pass the Senate's version of the immigration reform. One argument that I have heard in favor of the bill was that it would help with the baby boomer social security "looming disaster."

A first it sounded bad, much like the example given. Then I started reading more into it... and it got worse. Social Security not withstanding, almost everything paid in taxes across the board with the current Senate bill would increase disproportionately with the "legal" population.

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