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

To: combjelly who wrote (216950)	2/2/2005 9:42:32 PM
From: RetiredNow	Respond to of 1571633

Can you clarify what you mean with this post? I'm not sure I get you. However, something I've noticed about your posts is that you seem to lump gov't deficits in with SS inflows and outflows. It makes more sense to look at SS as a separate package that needs to be fixed. Problem solving 101 means breaking the problems down into atomic units that are more easily solveable. Lumping all the nations economic problems into one big bundle is a sure fire recipe for deadlock.

To: combjelly who wrote (216950)	2/2/2005 11:26:06 PM
From: SilentZ	Read Replies (1) \| Respond to of 1571633

>OTOH, if you use the economic projections that the administration uses for where the debt will stand over the next 10 years, the unfunded liability of SS goes to zero. Same if you use the same projects that they use for the private accounts scenario. -Z

To: combjelly who wrote (216950)	2/2/2005 11:53:50 PM
From: Joe NYC	Respond to of 1571633

combjelly, OTOH, if you use the economic projections that the administration uses for where the debt will stand over the next 10 years, the unfunded liability of SS goes to zero. I don't know what you mean by this. The unfunded liability is the amount owed to all the people alive who contributed to SS based on the current promises, assuming no more money comes in. It may take a century or two (based on the snail pace Bush is proposing) to eliminate the unfunded liability, or it can just keep growing if nothing is done. Joe

To: combjelly who wrote (216950)	2/3/2005 12:31:52 AM
From: i-node	Read Replies (2) \| Respond to of 1571633

OTOH, if you use the economic projections that the administration uses for where the debt will stand over the next 10 years, the unfunded liability of SS goes to zero. Herein lies the problem. You have tons of people who simply don't comprehend what the situation is. It starts with a broken accounting system, which makes it next to impossible for the media to comprehend it. The media don't comprehend it, and as a result, the combjellys of the world don't understand it. The unfunded liability is HUGE. We're not talking billions or even hundreds of billions. And over the next 30-40 years, if something isn't done, we're talking tens of trillions. The really interesting part is what happens if you get compound interest at about 7% working on the problem now. 40-50 years from now, the problem starts to turn around. The difference between 3% and 7% 50-100 years out is astounding. This is why private accounts are an essential element of the solution.