PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Srexley who wrote (551502)	3/13/2004 4:52:25 PM
From: Steve Dietrich	Read Replies (1) of 769670

socialsecurity.gov Solvency The combined OASDI Trust Funds are projected to become insolvent in 2042 under the long-range intermediate assumptions. For the trust funds to remain solvent throughout the 75-year projection period, the combined payroll tax rate could be increased immediately by 1.92 percentage points, benefits could be reduced immediately by 13 percent, a transfer of $3.5 trillion in general revenue (in net present value) could be made, or some combination of approaches could be adopted. Significantly larger changes, would be required to achieve solvency beyond 75 years. See, 100% solvent until 2042 just like i said. And only minor changes would be needed to make it solvent for the next 75 years. Those are the facts. After 2042 SS can still pay over 70% of benefits with no changes and under these conservative gdp growth estimates. Do you understand that Medicare isn't SS? Medicare is in far worse shape than SS, especially considering President Bush just tricked the Republicans into adding an over $500 billion drug benefit to it. Steve Dietrich

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