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

To: Alighieri who wrote (180943)	1/19/2004 9:44:34 AM
From: i-node	Read Replies (1) \| Respond to of 1574854

Yes...by GAAP standards, SS reaches period deficit in some 20 years. By GAAP standards SS is technically insolvent today. For 8 years Clinton endeavored to come into line with the SS measures of 1983, which were completely ignored by two republican administrations (well, 1.5 anyway), during which period borrowed and spent the resulting period expense surpluses You don't know what you're talking about. Your post is so full of ignorant, slanted factual errors I don't even know where to start. I think it is pointless to try and discuss the details of the subject with you, as you evidently know little about it. However, I will point out that under Reagan, SS was restructured to provide cash solvency into this century -- previously, the fund would have been broke (NO MONEY TO PAY BENEFITS) in '09. Clinton passed the buck despite his awareness that further action was required to insure solvency beyond '09. In typical form, the Democrats have tried to use the issue as a weapon. Privatization is not A solution, it is the ONLY solution to the problem. Simply put, to get out of this mess, the funds are going to have to grow at a much faster rate than the current investments can grow. Only by getting some of the money into riskier [the term has bad connotations only to someone who doesn't understand it] investments, where returns will be higher, can SS survive. This is the most important issue facing this country today.