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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (397054)	7/8/2008 2:58:36 PM
From: Alighieri	Read Replies (1) of 1576919

"Cash" benefit payments have not outstripped "cash" benefit payouts. But as anyone who as ever had a first-semester accounting course knows, "cash" is not an appropriate metric for these items. To have meaning you MUST accrue liabilities for Unfunded Benefits, which the federal government doesn't do (but all private pension funds are required by law to do). Cash benefits payouts have under-run payments and will continue to do so for some time to come. There is time for course adjustments to SS. You can run any forward looking analysis where inflationary or demographic factors are involved and find a point in the future at which a budget is no longer in balance. How far into the future do these pensions have to measure unfunded benefits? Al

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