Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Bill Shepherd who wrote (4791)	4/28/1998 5:11:00 PM
From: Wally Mastroly	of 42834

A somewhat misleading headline-"Social Security insolvency postponed" usatoday.com A couple of paragraphs: ...Social Security, in fact, now collects more payroll taxes than are needed to pay benefits to Tuesday's retirees, and the surpluses are invested in government bonds so that the money goes to finance other federal programs. Many Americans are skeptical about lawmakers' ability to pay back these obligations to Social Security, plus interest, when the money is needed for baby boomer pensions. But Social Security's trustees take the IOU's seriously. They project that the money will be repaid starting in 2013, when baby boom retirements get under way and taxes paid by those left in the workforce won't be enough to cover Social Security benefits...

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