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


To: Joe NYC who wrote (173768)8/14/2003 2:14:50 PM
From: Alighieri  Read Replies (1) | Respond to of 1574054
 
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.

The SS trust fund is not projected to go into deficit until 2022. Politicians on both sides of the isle are running around panicking and yet we have almost 20 years over which action taken today can have a strong mitigating effect if not fix the program. If the nation continues to do what bush did the last two years, the interest alone we pay on the resulting national debt will be enough to disallow much of whatever action might be undertaken today. Let's keep giving tax breaks to the richest americans and pass it as economic policy.

Al