SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Raymond Duray who wrote (214495)1/9/2005 10:00:17 AM
From: RetiredNow  Read Replies (2) of 1572505
 
Raymond, it is not propaganda. Think about it. If you have a savings account and you spend more than you contribute, then that savings account will eventually be depleted. Social security has a trust fund and both left and right leaning actuaries estimate that outflows will exceed inflows by 2018 and the fund will be depleted somewhere between 2042 and 2052. Read the Social Security Administrations own website. This is where I'm getting those figures.

When they say that SS benefits will have to be adjusted downwards to 70%, what they mean is that in order to ensure we match benefit outflows to incoming contributions after 2042, we'd have to reduce benefits outflows. So in every post I have been saying you can solve the problem in several ways: reduce benefits, raise taxes, run deficits, or privatize and let the market earn the beneficiaries more money to make up the difference.

I know quite a bit about social security, because I've read the Social Security Administration's own recent report and the figures that their own actuaries have published. I suggest you do the same. It is quite educational and is more reliable than what critics and proponents in the media might write, because the SSA is unbiased. They are concerned about one thing and that is figuring out how to ensure that the system is long term sustainable.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News