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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (216920)	2/3/2005 12:32:40 AM
From: neolib	Read Replies (1) of 1573925

Hi Tim: Regarding your post, I understand very well the point you are trying to make. My argument is that the government debt is independent of the SS income. If the borrowing from SS were stopped somehow (say private SS accounts, or laws) then the annual borrowing must be increased (more T-bills sold). The net government debt is identical in either case, and it is the accumulated deficit that will impact not only retirement but the nation as a whole in the future. The ONLY net changes I see of private SS accounts is a moderately higher ROR, somewhat more risk (you might argue less!) and a very significant shift in the effective "PIA" formula. It is the latter that Bush will not discuss, for obvious reasons.

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