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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (214946)1/15/2005 10:53:18 AM
From: Road Walker  Read Replies (2) of 1573920
 
re: Why don't you listen to John Fowler? Even he acknowledges that social security will run out of money in 2042.

No I don't. Somewhere after 2050 outflow will exceed inflow by about 20%, according to "experts". Just as inflow has exceeded outflow for over 20 years. There are also a lot of variables that could change that date, on either side. But SS will not "run out of money", that's political scare tactic rhetoric, which is the last thing we need.

It's a problem that needs to be addressed in a careful, thoughtful, unemotional analysis leading to a solution that doesn't upset an already fragile economy with huge imbalances. Using inaccurate, inflammatory terms doesn't help.

John
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