Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (216950)	2/3/2005 12:31:52 AM
From: i-node	Read Replies (2) of 1571398

OTOH, if you use the economic projections that the administration uses for where the debt will stand over the next 10 years, the unfunded liability of SS goes to zero. Herein lies the problem. You have tons of people who simply don't comprehend what the situation is. It starts with a broken accounting system, which makes it next to impossible for the media to comprehend it. The media don't comprehend it, and as a result, the combjellys of the world don't understand it. The unfunded liability is HUGE. We're not talking billions or even hundreds of billions. And over the next 30-40 years, if something isn't done, we're talking tens of trillions. The really interesting part is what happens if you get compound interest at about 7% working on the problem now. 40-50 years from now, the problem starts to turn around. The difference between 3% and 7% 50-100 years out is astounding. This is why private accounts are an essential element of the solution.

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