Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (217057)	2/3/2005 8:33:32 AM
From: i-node	Read Replies (2) of 1571205

The unfunded liability looks huge in the aggregate, when you go out 70 years and multiply it times millions of recipients. That's a smokescreen. It's an incremental problem that requires a minor and incremental solution. It is huge even today. But part of what you say is tue. If it is fixed now, the problem is much smaller than if it is let go another 10 years or 20 or 30. It would have been much more manageable had Clinton dealt with it. The really interesting part is your assumption of 7% returns. Even the Bush admin is using ~4%. And there is the risk of negative returns. Historically, there is no risk of negative returns over a sufficiently long period of time. The Bush plan doesn't do anything until 2009. THAT is a recipe for disaster. We need incremental change starting now. This is stupid. First you (and other liberals) argue for leaving it alone, then you argue for changing it instantly.

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