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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (466781)3/27/2009 10:11:19 AM
From: i-node  Read Replies (2) of 1575175
 
>> But SS is very solid.

Here are some claims from March, 2008 trustee's report. Keep in mind, these are "rosy scenario" claims, but still, give some sense of the picture.

Keeping in mind that 100 years is the blink of an eye in retirement fund security. If you wanted to make SS solvent for 75 years according to the trustees, you would have to deposit an addition $4.3 Trillion into it TODAY. If we do NOT put that money on deposit today, in < 10 years it will have doubled to $8.6 Trillion, and 10 years after that to about $18 Trillion.

We do not have $4.3 Trillion today, that's certain. Do you think we'll have $8.6 Trillion in ten years? With Obama adding $10 Trillion to our debt over the same period? With Medicare falling apart at the seams during the same 10 years?

Any idiot who claims the SS is "very solid" just has no idea what he is talking about.
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