PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Peter O'Brien who wrote (537087)	2/7/2004 9:43:49 PM
From: Steve Dietrich	Read Replies (2) of 769670

<<What are the seniors going to do then? Pass a law making it illegal to leave? Just like the former Soviet bloc?>> At this rate workers will leave to follow the jobs being offshored. But truthfully we can't stop all the people sneaking in who want to find jobs (and pay payroll taxes). As for your presumption that SS will not survive, that's just rhetoric. Facts are SS is fully solvent until 2042. And that's using a modest assumption for GDP growth, about 2.7% on average. If the more optimistic scenario is the case (about 3.7%) SS never runs out of money. And if it does run out of money in 2042, it doesn't go broke it becomes underfunded. Without a single change, SS could still pay out 70-90% of scheduled benefits after 2042. So despite your presumptions, SS will be there when you retire. Steve Dietrich

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