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

To: Johannes Pilch who wrote (676919)	3/25/2005 8:56:35 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Re: "...do nothing on SS" Funny suggestion! (And I didn't think you had a sense of humor... :) Since we already seem to be doing next to nothing effective on the two even larger federal budget problems (Medicare/Medicaid, and rising interest on the rising national debt itself), then why not go for the trifecta and do nothing effective for the third largest potential under-funded federal mandate, Social Security. Funny one! Pilchie told a funny one! (Is that your prediction though? No effective action on any of the three? Or is it your desire?) Parenthetical observations (assuming current demographic and debt trends continue): 1) Medicare costs are projected to exceed SS costs by 2024. 2) CATO projects that by 2030 interest on the national debt alone will COST MORE annually then EITHER Medicare or SS. 3) By 2042 interest on the national debt will FAR EXCEED the total costs of SS AND Medicare put together. 4) Oh, yeah... by 2042 SS is also projected to have spent-down it's reserves and will be operating only on current cash inflows at, what?, some 72 - 74% of entitlements???? Now, gee... WHAT is the LARGEST problem??????? If we quit running annual federal deficits (ie: BALANCED the BUDGET now!), and fixed the cost-overrun slush fund that Medicare has become --- the vast majority of our federal financial problems would be handled... and we could easily move to the lesser issues of SS. Message 21166463