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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Srexley who wrote (551502)	3/13/2004 4:04:56 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

Srexley - Don't confuse the SS fund with the Medicare fund. The Medicare fund is in much worse shape than Social Security which is solvent until 2042. The Social Security Fund, which has been funded by employee and employer contributions, has loaned money to the Government for other purposes such as Defense. When those notes are repaid, the fund is solvent until 2042.

To: Srexley who wrote (551502)	3/13/2004 4:10:13 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

Just raise the taxes on the wealthy to pay back the money the Government owes to the SS fund.

To: Srexley who wrote (551502)	3/13/2004 4:52:25 PM
From: Steve Dietrich	Read Replies (1) \| Respond to of 769670

socialsecurity.gov Solvency The combined OASDI Trust Funds are projected to become insolvent in 2042 under the long-range intermediate assumptions. For the trust funds to remain solvent throughout the 75-year projection period, the combined payroll tax rate could be increased immediately by 1.92 percentage points, benefits could be reduced immediately by 13 percent, a transfer of $3.5 trillion in general revenue (in net present value) could be made, or some combination of approaches could be adopted. Significantly larger changes, would be required to achieve solvency beyond 75 years. See, 100% solvent until 2042 just like i said. And only minor changes would be needed to make it solvent for the next 75 years. Those are the facts. After 2042 SS can still pay over 70% of benefits with no changes and under these conservative gdp growth estimates. Do you understand that Medicare isn't SS? Medicare is in far worse shape than SS, especially considering President Bush just tricked the Republicans into adding an over $500 billion drug benefit to it. Steve Dietrich

To: Srexley who wrote (551502)	3/13/2004 5:00:23 PM
From: Steve Dietrich	Respond to of 769670

<<And you say I am dumb>> Well you don't seem to be able to read very well: socialsecurity.gov E. CONCLUSION Under current law the cost of Social Security will increase faster than the program's income, because of the aging of the baby-boom generation, expected continuing low fertility, and increasing life expectancy. Based on the Trustees' best estimates, expenditures will exceed tax revenues starting in 2018 and throughout the remainder of the 75-year projection period. Social Security's combined trust funds are projected to allow full payment of benefits until they become exhausted in 2042. At that time annual tax income to the trust funds is projected to equal about 73 percent of program costs. This is exactly what i've been saying. Steve Dietrich