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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (173779)8/14/2003 2:34:25 PM
From: Joe NYC  Read Replies (1) of 1573901
 
Al,

The SS trust fund is not projected to go into deficit until 2022.

I think you don't understand the accounting for something like pension. It is NOT based on cash basis. David would be able to explain it better, but if you need, I can try to explain.

Suppose you start a corporation, hire employees, and promise them pension. If you run your pension plan the way Social Security is run, you would be immediately arrested.

Joe
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