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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: orkrious who wrote (15298)11/9/2004 9:24:30 PM
From: CalculatedRisk  Read Replies (1) of 116555
 
Here are the facts I posted:

Social Security ran a surplus of ~$200 Billion this year (~25% of total SS revenue was surplus).

Under current assumptions, the Surplus will continue to GROW until 2017. Then the surplus will start to decline.

Do you disagree with those facts?

Since the program is running massive surpluses (that I agree are being raided), the program is not the problem. If you eliminated Social Security (and the tax), the deficit would be $200 Billion larger. The main problem is obviously elsewhere.
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