Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tejek who wrote (218982)	2/12/2005 6:23:57 PM
From: Peter Dierks	Read Replies (1) \| Respond to of 1574547

....over 30 years to plan ahead for the deficit. What is everyone worried about........set aside a little each year between now and then, and put it into an interesting bearing account By 2042 the current SS system is scheduled to require over half of the federal budget. That means no money left over for Amtrak or any of the other federal boondoggles. Let’s not do anything to fix SS. It is the best way to expunge the welfare and great society waste from the federal government. Instead of trying to cauterize the wounds, we jest bleed the problem programs out. It will be like 1800's and prior medical care. There will be no money for anything but SS and Medicare.

To: tejek who wrote (218982)	2/18/2005 5:25:08 PM
From: TimF	Read Replies (1) \| Respond to of 1574547

"SSA says 2018 is when net cash flows will be negative. 2042 is the date the SS Trust Fund will be depleted. " That's still not bad. We have.....what....over 30 years to plan ahead for the deficit. Not really. 1 - We have to plan for 2018 as much as we do for 2042. When the SSA needs to get money back from the treasury we have to figure out how we are going to handle it. Also you have to start implementing the plan long before there is a problem because if you wait until last minute you get things like sudden 25% cuts in benefits. Tim