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

To: Amy J who wrote (224932)	3/18/2005 11:47:37 PM
From: i-node	Read Replies (3) \| Respond to of 1571678

>>> Social Security faces a $3.7 trillion shortfall over the next 75 years caused by the retirements of 79 million baby boomers, starting in 2008. Not sure where they got that number but it isn't even close. The correct number is in the tens of trillions of dollars.

To: Amy J who wrote (224932)	3/19/2005 11:42:47 AM
From: SilentZ	Read Replies (1) \| Respond to of 1571678

>Social Security faces a $3.7 trillion shortfall over the next 75 years caused by the retirements of 79 million baby boomers, starting in 2008. That means the benefits paid in future years will exceed the amount of Social Security payroll taxes that finance the program. Even if true, $3.7 trillion for the federal government over the course of 75 years is not a heck of a lot of money for the government to come up with. That's 49 billion dollars a year. Theoretically, after the baby boomers, we go back to a normal generation-to-generation ratio, and everything works again. -Z