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

To: TimF who wrote (211836)	11/16/2004 6:21:22 PM
From: TimF	Respond to of 1584914

Other opinions - Privatizing Social Security timwest.blogs.com How to Reform Social Security, Parts I and II voxbaby.blogspot.com voxbaby.blogspot.com Saving Freedom By Arnold Kling Suppose that 50 years ago the expectation for a 45-year-old man was that he would live to age 70, and that health care costs would be, in today's terms, $1000 per year after retirement, at age 65. Today, a 45-year-old man might expect to live to age 85, with health care costs averaging $10,000 per year. Assume that other post-retirement living expenses are $30,000 per year. The total post-retirement expenses are compared in the table below... Total post-retirement expenses 50 years ago $155,000 Today $800,000 techcentralstation.com (note the above is in real dollars)

To: TimF who wrote (211836)	11/16/2004 7:54:26 PM
From: Road Walker	Read Replies (3) \| Respond to of 1584914

re: but it doesn't factor in the reduction in future liabilities Or the reduction in future revenue. Or are they going to tax more and give less? re: If I had the money and paid off my mortgage, it would cost me over $140k upfront but my net worth would not go down at all let alone over $140k. Do you not get this? They will have to pay the benefits without the offsetting revenue. For a generation. The transition costs are huge, and we are already at a record deficit with the dollar diving. Don't you get it man, Bush and his Repulican congress is spending/tax cutting us into a huge hole. Wake up man, WE JUST CAN'T FREAKING AFFORD IT!!! It's as if you want to contribute to your IRA with your credit card every year. John