Sharks in the Septic Tank Message Board

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Politics : Sharks in the Septic Tank

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To: Lane3 who wrote (21207)	8/9/2001 4:02:31 PM
From: Win Smith	Read Replies (1) of 82486

Karen, I sure hope government gridlock does its magic on that one. Under current tax rates and economic projections, SS is supposed to be solvent till 2035 or something, which is approximately forever considering the general time horizon the government works on and the accuracy of past projections. The current line seems to be that the treasury bonds in the trust fund are somehow worth less than the treasury bonds in general circulation, and therefore the treasury is free to default on them, or something. "Fixing" SS by dumping money into the stock markets would be good for the people running the stock markets, which somewhat explains the popularity of the idea in certain circles.

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