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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (22975)	12/7/2004 11:14:15 AM
From: Gemlaoshi	Read Replies (1) \| Respond to of 110194

FH, Even though I'm not a big fan of Krugman, he nailed the SS dilemma with: <<But never mind: the same people who claim that Social Security isn't an independent entity when it runs surpluses also insist that late next decade, when the benefit payments start to exceed the payroll tax receipts, this will represent a crisis - you see, Social Security has its own dedicated financing, and therefore must stand on its own.>> Bush was adamant in 2000 that SS was sacrosanct and surpluses would not be touched tnr.com But as with all politicians, a pot of someone else's money is just too tempting to resist.