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

To: Kenneth E. Phillipps who wrote (551504)	3/13/2004 5:25:59 PM
From: Srexley	Read Replies (1) \| Respond to of 769670

"Srexley - Don't confuse the SS fund with the Medicare fund" I don't think I am. Looks like both are tied together, and bout are in trouble withour a cut in benefits and increase in funding. This line of thought started with orcy's proposition that we should cut these taxes, which seems like a bad idea to me. Funny that you dems think it is such a good idea, and have such rosy projections about the future viability of these programs. "The fundamentals of the financial status of Social Security and Medicare under the intermediate economic and demographic assumptions remain highly problematic. Although both programs are currently running annual surpluses, these will give way to rapidly rising annual deficits soon after the baby-boom generation begins to retire in about 2010. The growing deficits will lead to rapidly mounting pressures on the Federal budget in a decade and exhaustion of trust funds beginning in little more than two decades that will not permit full payment of currently scheduled benefits. In the long run, these deficits are projected to grow at unsustainable rates"