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by fsh 478 days ago
With an optimistic 10% annual return, this would amount to 1/5 of Cornell's budget.
1 comments

then they need to find some cuts because Uncle Sam has a maxed out credit card and can't keep making up the difference whether he wants to or not
Uncle Sam doesn’t have a credit limit: Uncle Sam has chosen to take on debt so rich people can avoid paying taxes. If we had rich people pay at the same rates they paid a few decades ago, didn’t have caps on the maximum amount of taxable income for social security, etc. we could return to the balanced budget we had at the turn of the century before the Republicans lowered taxes for the express political goal of forcing program cuts.
Uncle Sam is intending to go even further into debt for tax cuts.
Sovereign debt is not the same as your household budget.
How about Uncle Sam starts taking money back from rich people instead of foisting more debt on workers and slashing my benefits so that they can buy another yacht?