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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (225637)3/22/2005 5:41:20 PM
From: TimF  Read Replies (1) of 1571892
 
Yes, it is. The fact that you don't know what it is in advance doesn't mean it isn't fixed. It's the principle for current retirees and future retirees currently over 55 regardless of private accounts. That's what's borrowed, and that's what accumulates the interest.

If you have a private account than the amount the government has to pay you in the future is reduced. So the governments future obligation for social security payments is reduced. The governments future obligation for principle and interest payments is increased but not necessarily by a greater amount than the future obligation for SS payments is reduced. Hence my original statement. "There is no particular reason to think that the interest will be higher than the reduction in the obligation."

Tim
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