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

To: Road Walker who wrote (204689)	10/2/2004 11:02:53 AM
From: i-node	Read Replies (2) \| Respond to of 1573150

>> NYT editorial today: This may be the most ignorant editorial I've ever read. Totally ignorant. Rumors of the death of Social Security have been widely exaggerated. This year, the system's trustees reported that the fund is solvent until 2042, when it would still be able to pay about 70 percent of the promised benefits. That is not a crisis. Tell this to the 30 percent who don't get their checks. What they didn't tell you: The term "solvent" has a very specific meaning in the world of finance. And while SS is "solvent" today, it would be "technically insolvent" if all its liabilities (i.e., the amounts owed to its beneficiaries) were booked. Unfortunately, they aren't. The amount of the true insolvency is estimated at $26 TRILLION. TRILLION. I can understand the NYT putting forth this kind of propaganda -- it is totally consistent with their reporting. I can't imagine someone being so stupid as to believe it as you apparently do.