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

To: Road Walker who wrote (218199)2/8/2005 8:51:02 PM
From: TimF  Read Replies (1) | Respond to of 1586870
 
LOL. What smoke? Bush has stated that SS will be cashflow negative by 2018 and will run through all its assets by 2042.

No, he said it would be bust, bankrupt. He's lying, and so are you.

When you consider SS in isolation the two statements are the same thing. If you have no assets and are cashflow negative you pretty much are "bust/bankrupt".

I have argued for considering social security in the context of the whole government. You have argued that Bush's social security estimates are pessimistic. Both arguments (esp. yours) could be applied against any "bust, bankrupt" statement Bush might have made about social security, but that wouldn't make his statements a lie. If Bush's projection is accurate than the social security "trust fund" will go bust.

Tim



To: Road Walker who wrote (218199)2/8/2005 8:57:46 PM
From: RetiredNow  Read Replies (1) | Respond to of 1586870
 
Bust, bankrupt means all assets are used up. That is exactly what will happen with SS by 2042. The CBO says 2052, but either way all SS trust fund assets will be gone. How can you deny that?


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