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

To: Road Walker who wrote (224983)	3/19/2005 12:58:41 PM
From: neolib	Read Replies (3) \| Respond to of 1571798

I agree with regard to SS. Medicare is a different and more complex issue, and that's why nobody is talking about it. It's a serious problem on both rising cost per transaction and the rising number of transactions as the boomers retire. SS is easy, Medicare is tough. All of the discussion wrt to SS & Medicare needs to consider the positive results that productivity might have in the future. The reason that costs for medicine, education, and social service care have been increasing faster than inflation as a whole (for quite a long time now), is that these areas are heavily dependent on professional services which have not seen the dramatic increase in productivity associated with automation that has positively impacted other areas of the economy. The good news is that productivity in these areas is not likely to nosedive, so there is not much downside risk to the projects. There is IMO, a good possibility of unexpected productivity increases in the future, so I suspect that current dire estimates will be bettered.