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

To: Joe NYC who wrote (221387)	3/2/2005 6:59:29 AM
From: Road Walker	Read Replies (1) \| Respond to of 1571120

re: Obligation is there (hence the unfunded liability that you have had such a hard time accepting), but it can be "adjusted". Doing nothing now will make the "adjustment" severe. Surplus, or more precisely the assets of the SS (somewhat non-existent) make things even worse, as the gradual worsening is hidden by paying out of the assets, the worsening later leads to somewhat hard crash. First, I HAVE ALWAYS accepted the unfunded liability (though it is a moving target, anything but concrete). Second, in at least 20 posts, I have said we should do something RIGHT NOW. So please don't misstate my position and then argue against it. re: In the current budget system (that is inadequate), it makes things worse for the deficit, I would guess. You would guess? $3-4 Trillion! re: The current budget is made look better that it really is, since the obligations to the future retirees are completely ignored (FDR would probably be arrested if he were a CEO for the way he handled Social Security). The current deficit is made to look better because of the "unified" budget adopted in the 60's, that included SS surpluses in the general funds. A shell game to make the budget look better for the Vietnam war. I'm not going to repeat what I propose we do. But I'll add to it. I suggest we put (maybe) 15% of the SS surplus into an S&P 500 fund and 15% into investment grade corporate bonds. Shift it in monthly to take advantage of dollar cost averaging. John