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 : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (672250)	2/15/2005 10:51:12 AM
From: Peter Dierks	Read Replies (2) \| Respond to of 769667

The 75% figure came from an economic analysis a summary of which was published in the Wall Street Journal a few weeks ago. At the time, I looked for it online, was unable to find the summary. Similar estimated have appeared in other analyses. If you discount this due to the lack of third party verification, you cannot be blamed. Your "discussion of the real shortfall numbers" is another analysis. The interesting thing about forecasting is that very few forecasts are accurate. Here is an interesting article that discusses the issue from an investment angle: frontlinethoughts.com Most economists fail to consider the predictable effects of demographics. They spend much of their time looking statistical studies of historical trends without factoring in the entry and exit of people from the workforce. Harry Dent did a great job of simplifying the concept of demographic effects on the economy. The above writing explains some of the ways demographics effects retirement economics. BTW - One could not help noticing that the link you provided was to a partisan site. This is from their about us: The Center on Budget and Policy Priorities is one of the nation’s premier policy organizations working at the federal and state levels on fiscal policy and public programs that affect low- and moderate-income families and individuals. IMO most people claiming to be advocates of the low income espouse policies that harm low-income people. The Democrat party espouses policies that help keep the poor from escaping the cycle of poverty.