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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (195716)7/25/2004 2:59:51 PM
From: Thomas M.  Read Replies (1) of 1573038
 
<<< ... To avoid having to raise contribution rates or reduce benefits when that happens, the Boomers' work-life surplus contributions are going into the SS Trust Fund and being invested in earning assets, much as in private pension funds. But since the U.S. government doesn't risk private-business failure or outsource closings, SS doesn't need to "fully-fund" its total future pension obligations, as private companies are required to do. Only the Baby Boom bulge requires full-funding. Thus, privatizers who say that the SS system is "a Ponzi scheme with huge unfunded pension liabilities" are either ignorant of the facts or intentionally falsifying them ... >>>

iea-macro-economics.org

Tom
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