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Technology Stocks : All About Sun Microsystems

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To: JDN who wrote (36533)	10/15/2000 8:20:05 PM
From: Steve Dietrich	Read Replies (2) of 64865

<According to various predicting agencies Social Security is going to go BUST eventually (dates differ dependent upon who is estimating).> This really isn't true. Even according to SS estimates, it doesn't go bust, it just can't pay 100% of benefits starting around 2037. It doesn't go bust, just falls a bit short. But SS assumes average gdp growth of 1.7% per year to make those ominous predictions. If the CBO used such dire forecasts there would be no surplus, instead huge deficits. If the CBO numbers are close to the truth, SS never sees a shortfall. So the idea of saving SS with the surplus is an impossiblilty and a lie perpetrated by both political parties, as is the idea of SS "going bust." (Only Ralph Nader has this one right.) And finally if gdp does grow at 1.7% per year (as the SS trustees assume in predicting their shortfall) how could anyone possibly expect private investments to outperform SS returns with the economy experiencing such anemic growth? How do you think the market will perform with 1.7% average gdp growth? Steve Dietrich

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