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

To: i-node who wrote (212653)	12/4/2004 2:17:28 PM
From: Road Walker	Read Replies (2) \| Respond to of 1585677

re: >> But the point is that SS is self sustaining if the adjustment is based on inflation not wages. You don't know what you're talking about. And I suppose you know more than the editorial staff of the WSJ? re: What YOU don't understand is that there is a small CASH surplus but the fund is technically insolvent. The federal government is "technically insolvent". Many, many healthy companies are "technically insolvent". You apply different principles depending on your political perspective. You are "technically" a hypocrite. John

To: i-node who wrote (212653)	12/4/2004 3:23:40 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1585677

BINGO, David. What people don't realize is that if we counted up what is owed to everyone who has paid into social security, then the SS trust fund is insolvent. The underfunded amount is in the trillions of dollars and is expected to reach $40 trillion by 2040, by some estimates. So my prior post was all about everyone getting their head out of the sand and realizing that our government has an unfunded liability that they aren't recognizing on the books. So the first step for paying this thing off, is by recognizing that it exists. The next step is by eliminating the stupid and fiscally irresponsible social security system we have in place today. Either that or we can end up like Germany, which pays out tons of money in excess of what is contributed to millions who don't want to or can't work. Our current system is a one way ticket to U.S. bankruptcy.