What 'public retirement funds' are you talking about? What vague critter is that? Did the last tax holiday have corporations contribute to 'public retirement funds' in any form or fashion? Can you provide proof?
Where do you believe the money set aside for police, firemen and teacher's retirement plans is invested? Here, take a look at the California Teachers retirement fund.

Can you show any proof that during the last 'tax holiday' the corporate repatrioted funds were used to buy American debt funds that at least kept the debt here in America?
Hey, you are the one that published Mr. Krugman's op-ed stating that the last amnesty savings were used to pay down debt. I just surmised what those who received those debt payments might do with this windfall.

If you don't like my suggestion, perhaps you can come up with a possibility where those funds may have ended up after the corporations paid off outstanding debt.

That money had to go somewhere, right? I think we can both agree that it is unlikely to have been stuffed into a mattress somewhere.

So those receiving the money most certainly invested it somewhere. Where do you think it went?

Of course you can't. Your response is pure bullshit.
No, the 'pure bullshit' come from Mr.  Krugman. Mine isn't of nearly the same quality.

Mayb trying to baffle people with bullshit works in conservative circles, but it is still bullshit in the real world.
After the foreign earnings were repatriated in 2004, they had to go somewhere. Mr. Krugman says they used it to four different ways.

1) Payed as dividends. Public and private retirement plans are heavily invested in equities. If dividends were paid, these funds profited. This is a good thing, right?

2) Pay down debt. They owed this money to someone and paid it off. This means other people now have the money. These folks didn't just bury it under a tree in the back yard. Perhaps they invested it in equities, in which case stock prices went up which again helps those retirement plan funds. It also puts money in circulation, the very lifeblood of the economies.

3) Buy up other companies. This might be good for the economies or it might be not so good, it depends on how the purchases were designed. In any case, when the previous owners take the money for their company, like every other option listed here, that money has to go somewhere. If it is not stuffed in a mattress or buried in the back yard, it is out circulating in the economies and stimulating them.

4) Buy back their own stock. From whom? Whoever owned that stock that was bought back, now has a liquid asset they need to do something with. Some went out and spent part of it (good for the economies), some invested it in equities (see 2 above), some invested it in government securities (loaned it to the government which keeps the foreign debt down), some put it in banks (someone has to provide funds for banks to lend).

I have no idea why you and Mr. Krugman think any of these things harm the economies.

Like all statists, you seem to be pissed it isn't you determining how this money will be used.

The only reason some people get lost in thought is because it's unfamiliar territory. - Paul Fix