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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Alighieri who wrote (173760)8/14/2003 12:27:46 PM
From: i-node  Respond to of 1574002
 
I understand enough to know that politicians on both sides have been borrowing from SS surpluses

You apparently do not understand enough to know that there are not SS "surpluses" in the first place, unless you conveniently fail to account for the unfunded pension liability. If you account for SS the way every private pension plan in America is required to do the plan has been technically insolvent for 20 years.

Again, you can't even make a sensible statement about it.

Perhaps if you would spend as much time reading as you do criticizing Bush you would not be clueless on this subject.



To: Alighieri who wrote (173760)8/14/2003 1:16:27 PM
From: Joe NYC  Read Replies (1) | Respond to of 1574002
 
Al,

You presumptuous, pompous ass...I understand enough to know that politicians on both sides have been borrowing from SS surpluses for decades and that borrowing is hastened by deficits

Sorry about intruding on your lovefest with David, but this statement indicates that you have no idea what you are talking about. There is no SS surplus. The unfunded liabilities are growing much faster than the the asset accumulation, which means that SS is running a deficit. The SS monetary assets are miniscule compared to liabilities.

Joe