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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: gnuman who wrote (85018)11/8/2000 9:29:38 PM
From: Skeeter Bug  Respond to of 132070
 
>>So why worry about the system? Income will exceed expenditures for the next 15 years, right?<<

b/c there won't be any money in ss. how will they fund it (since it will be already spent)? raise taxes, cut benefits or devalue the currency by printing plenty of it.

that means our 15% return will drop even lower.

what, me worry? ;-)



To: gnuman who wrote (85018)11/9/2000 4:57:35 PM
From: Les H  Read Replies (2) | Respond to of 132070
 
Cato Institute study on SS

cato.org



To: gnuman who wrote (85018)11/10/2000 9:57:09 AM
From: gnuman  Respond to of 132070
 
re: Why worry?

So why worry about the system? Income will exceed expenditures for the next 15 years, right? And if
nothing changes, for those 15 years the annual "surplus", (which will exceed $200B/yr next year), will be invested in the General Fund to be used for other things.


Dang thing made "Cool Post."

In case anyone missed it, I was being facetious. Need to read the series of posts to get it context.



To: gnuman who wrote (85018)11/10/2000 10:36:14 AM
From: gnuman  Respond to of 132070
 
Cool Post, "Why worry about Social Security" in context.
The "Cool Post" was one of a number I made on the subject. To put it in context, here are the links to my thoughts on Social Security. As you can see I think there is need to worry.
Message 14748840
Message 14753285
Message 14762605



To: gnuman who wrote (85018)11/10/2000 12:09:06 PM
From: Bruce Russell  Read Replies (1) | Respond to of 132070
 
Gene:

You're being cute. Taxes will have to be raised or national debt must be increased to maintain benefits around 2012. When this starts, it will accelerate, especially with new entitlements like prescription drug benefit. Tax eaters may not want to worry (many will be dead in 10 years). But Tax payers must worry.