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We agreed that the amount of money going into the traditional benefit should be exactly 12.4 percent of payroll , no more and no less than the payroll tax today . Today , as Iran ' s leaders gaze across the Middle East , they see a more humbled America , frankly , seeking an exit strategy out of its predicament , an Iraq preoccupied with a simmering sectarian conflict , and a Gulf princely class that , in my view , is eager to accommodate rather than confront Iranian power . It is only through the attainment of the bomb that Iran can negate the nefarious American plots to undermine its stature and power . Besides , although I was evidently approaching the surface below me , it was with a speed by no means commensurate with the velocity I had at first conceived . Whereas the standard story – the one that motivated the drive to liberalize capital flows – is that developing countries are saving-constrained , the fact that capital is moving outward rather than inward in the most successful developing countries suggests that the constraint lies elsewhere . A recent poll reports that one-third of Americans believe China will " soon dominate the world , " while 54 % see the emergence of China as a " threat to world peace . One study , for example , found over a nine-year period that 60 % of the poorest Americans were likely to remain poor whereas only 45 percent of the poorest Germans were likely to remain poor . That means we now have more than 50,000 wounded Iraq war soldiers . The balloon at first collapsed , then furiously expanded , then whirled round and round with sickening velocity , and finally , reeling and staggering like a drunken man , hurled me over the rim of the car , and left me dangling , at a terrific height , with my head downward , and my face outward , by a piece of slender cord about three feet in length , which hung accidentally through a crevice near the bottom of the wicker-work , and in which , as I fell , my left foot became most providentially entangled . The debates are no longer , frankly , between pragmatists , such as Ayatollah Rafsanjani , and the more austere reactionaries , and Iran no longer views its international relations through the prism of strategic or economic vulnerability . He built a solid foundation for the future while healing a troubled nation . The pigeons appeared distressed in the extreme , and struggled to escape ; while the cat mewed piteously , and , with her tongue hanging out of her mouth , staggered to and fro in the car as if under the influence of poison . It is evident that the hoop would now drop down within the car , while the whole weight of the car itself , with all its contents , would be held up merely by the strength of the buttons . Nothing can kill growth more effectively than an uncompetitive currency , and there is no faster route to currency appreciation than a surge in capital inflows . Erzo Luttmer ’ s work here at the Kennedy School shows that people who live around poor people of different races are much less sympathetic towards welfare whereas people who live around poor people of the same race as themselves are much more sympathetic towards welfare . Besides , if Mr. Kissam actually did come upon the discovery he says he did , at the period designated - - nearly eight years ago - - how happens it that he took no steps , on the instant , to reap the immense benefits which the merest bumpkin must have known would have resulted to him individually , if not to the world at large , from the discovery ? Glaeser : As a result of American racial heterogeneity and as a result of the stability of American institutions , America is far less generous in welfare spending than other developed countries . Veterans must wait from six months to two years to begin receiving the money that is due to them while the agency plods through paperwork . The second reason it ’ s important to act now is that while we have Social Security surpluses in hand , it means that we can phase in some of the painful elements of the plans , benefit cuts and tax increases , and by doing it gradually they become a lot more politically feasible than if you announced a large tax increase or benefit cut that was going to be implemented tomorrow or two years from now . On the other hand , I was not aware that , in any recorded ascension , a diminution had been proved to be apparent in the absolute rate of ascent ; although such should have been the case , if on account of nothing else , on account of the escape of gas through balloons ill-constructed , and varnished with no better material than the ordinary varnish .