SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Johannes Pilch who wrote (677016)3/27/2005 9:26:25 AM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
Money is money, and debt is debt... nothing 'abstract' about it at all.

Nothing abstract about the effects either.

1) Medicare moves to cash flow negative by 2014, eight years before Social Security turns cask flow negative. Medicare costs are projected to *exceed* SS costs by 2024. Medicare costs are increasing at a far faster clip then Social Security's.

2) CATO projects that by 2030 *interest* on the national debt alone will COST MORE annually then EITHER Medicare or SS.

3) By 2042 *interest on the national debt* will FAR EXCEED the total costs of SS AND Medicare put together.

4) Oh, yeah... by 2042 SS is also projected to have spent-down it's reserves and will be operating only on current cash inflows at, what?, some 72 - 74% of entitlements????
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News