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


To: RetiredNow who wrote (218910)2/12/2005 9:49:10 AM
From: combjelly  Read Replies (1) | Respond to of 1574608
 
"$5 trillion? How did you come up with that?"

It'd probably be more, but Bush isn't talking.

It will be at least $1.5 trillion, paid soon, to not fix the problem. The non-fix will cost an addition several trillion after about 10 years. And that will only give us the same situation as we would have if we spend nothing, it only covers the costs of partial self-actualization of SS. And it would have the side effect of moving the date when the non-existant trust fund starts to get depleted from 2018 to 2012.

This assume that they aren't lying through their teeth about the costs like they did with the Medicare supplement.

To actually fix the problem will likely cost more. How much? They aren't saying. Not that their numbers could be believed any way...



To: RetiredNow who wrote (218910)2/12/2005 10:21:55 AM
From: Road Walker  Read Replies (1) | Respond to of 1574608
 
re: $5 trillion? How did you come up with that?

The $2Trillion figure is just for the first 10 years... look at the second ten years.

John