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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.80+0.1%Dec 15 4:00 PM EST
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To: Sunny Jim who wrote (46466)2/16/2009 12:21:36 PM
From: KyrosL  Read Replies (1) of 218510
 
Those scary liabilities disappear magically and are replaced by huge surpluses, if assumptions about taxes, social security benefits, and medicare benefits change in relatively minor ways. For example, if Social Security benefits are cut by, say, 20%, and Medicare is brought down to the medical costs of other advanced countries such as Europe or Japan, the problem disappears without even raising taxes. And if taxes are raised to European levels, we end up with huge surpluses.
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