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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Frank Griffin who wrote (43058)	10/6/2000 2:11:13 PM
From: nihil	Respond to of 769667

A lot of misinformation there. Originally, the Social Security Trust fund was to grow rapidly and very few people would benefit until they had worked for many years. It was approximately "fully funded". During the war the trust fund grew rapidly. In 1951 Congress opened up membership to far more people, and reduced service requirements, and delayed tax increases. That blew everything, and since then everything has been catching up. OASDI is not a savings or cash value plan, although it was originmally. In the original plan if you reached 65 and were not eligible for a pension you got your deposits back. There were, of course, life expectancies at every age which were lower than those today. There were plenty of people over 65. The decline in mortality in the past 60 years was largely among the very young and the middle-aged, not among the very old where age-specific death rates fell moderately.