Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Alighieri who wrote (181668)	1/27/2004 12:34:24 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1576376

Al, Yes. You are speaking about SS as something that is solvent, even alluding to GAAP in one post. This is not true by any accounting standard (other than one invented by government to fool people). One can not speak of a pyramid scheme and solvency in one sentence. SS has an unfunded liability of astronomical proportion, a bubble of claimants, a bust of contributors. It makes a normally highly desirable goal of increased longevity, improved health of the population into a mortal danger to financial stability of this country. The healthier the people are, the longer they live, the sicker SS gets. (By the way, this part was conveniently left out by Krugman, which is that it is not a static system, by a number of measures - all worsening the situation). Joe