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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (19089)3/25/2009 9:06:55 PM
From: Larry S.4 Recommendations  Read Replies (2) of 71475
 
I suggest that you check the Monthly Treasury Statement and note the value of securities in the SS Trust Fund - over 2 trillion today and the outlays for this year are projected to be about 654 billion. Receipts are projected to total 712 billion. The surplus would go into the Trust Fund. Let's assume it gets to 750 billion, something that I don't think will happen and receipts are only 650 billion. This would leave a Trust Fund balance still over 2 trillion. You can get most of the info you might be interested in by looking a Tables 2 and 6.

I don't have any idea of where there stories come from about SS but they seem to be written by people that assume their readers know ZERO. They can't be dumb enough to believe what they write. They remind me of Bush suggesting that by requiring contributions put into a Treasury Bond Fund would mean that the dollars would not be spent by the Treasury. He may have believed that it was true but I doubt that any of his advisors believed.

Medicare is a different story but it isn't in nearly as bad shape as today's Right Wing media would have you believe. If we could just get the FDA out from under the control of big Pharma, its problems might disappear.

Remember Reagan didn't eliminate the Unified Budget to help hide deficits. The will only help as long as there is an OFF BUDGET surplus and that means essentially that there are surplus SS revenues.

Larry
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