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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Snowshoe who wrote (15272)2/20/2002 5:31:09 PM
From: benwood  Read Replies (1) of 74559
 
And don't forget that there was only 1 year of an actual surplus (2000 I think it was). The other years were in the black thanks to the SS trust fund being spent instead, in exchange for an "IOU" which, when it's needed for paying out benefits to retiring baby boomers, will be paid back, right? Somebody will pay it back when needed, right, in, what, about 10 years. Now who's gonna pay back that $1.05 trillion dollars? Hmmm... how will it get paid back? Or, will it? Of course our beloved congressmen won't give a rip since they don't pay into SS and their own federal plan provides them with a far greater benefit. At least we purportedly elected those which are screwing us.
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