…and production. Despite substantial reserves, Mexico is a net natural gas importer. A handy summary of Mexico’s production and consumption of various sources of energy over the 1993 to 2003…

…single tax rate on accounting income – regardless of whether it is economic rent or the return to capital – means that those lucky enough to already have substantial reserves…

…drastically reduce benefits. I guess Russert never heard of the concept of pre-funding. Now you might argue that the massive General Fund deficit means all those Trust Fund reserves have…

…start exceeding payroll taxes a couple of years before 2019. Maybe, but the Trust Fund will still be earning lots of interest income on its reserves – so they should…

…at the same time, it is China that has been forced to continue buying dollar reserves, while the yen’s peg against the dollar has been sustained with relatively little intervention…

…to slowly unwind their dollar positions and shrink the pile of their dollar reserves to a more reasonable level, if they so desire. What about the things that could go…

…Let’s say that he’s right about productivity. Then the Soc. Sec. Trust Fund will not run out of reserves in 40 years. Something tells me that Snow is in Rove’s…

…this 11% to 19% claim, what Hassert and MacGuineas are trying to slip by us is that the pay-as-you-go claim, which really means all those Trust Fund reserves we are…

…has almost $2 trillion in reserves and is currently running surpluses. Update 2: Luskin continues over at that Club for Growth blog saying his rant has gone unchallenged. OK, he…

…loss to the Trust Fund. Such a subsidy arises whenever the interest rate on the liability account is below the interest rate the Trust Fund earns on its reserves. What’s…