The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (90228)	9/24/2007 10:21:18 AM
From: Mary Cluney	Read Replies (1) of 306849

Currently, there continues to be a surplus in the Social Security Trust Fund. More money is being collected than paid out. The difference goes into the Trust Fund. The US government borrows from the Trust Fund to help cover the budget deficit. The Fund is projected to grow until 2025 when expenses are expected to exceed income. Money accrued in the Trust Fund will then be needed to make up the difference. If nothing is done, the Trust Fund will be depleted by about 2050 (according to the CBO). If a Republican Administration and a Republican Congress is elected in 2008 and they manage the Trust Fund as they have since 2000, Social Security will go bust. No queston about that. However, the Clinton Administration(1992-2000) has shown that they can manage the economy to perform better and may allow the Trust Fund to remain solvent indefinitely. In the worst case minor adjustments can be made to maintain the Trust Fund. Alan Greenspan (don’t forget that he is the original John Galt and self professed Republican) has even said as much in his just published autobiography. In 2008 we have a choice.

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