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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (90297)	9/24/2007 2:56:58 PM
From: ChanceIs	Read Replies (3) \| Respond to of 306849

>>>The promises in the Social Security Trust Fund are as good as the promises on any other US bonds.<<< This is not correct. The government's only commitment is to provide some supplement. The other day, Obama was talking about raising the retirement age. Hence Social Security benefits are a moving target. Besides the government is currently depreciating the dollar, and hance the purchasing power of the crust of bread you will get in 2020. Yes, yes Teddy Kennedy indexed SS to inflation - so that the government is now required to lie about the inflation rate. You know the inflation rate. The one w/o the "volatile food and energy costs." What a joke. Have you ever heard of the government even discussing changing the maturity date on one of its notes??? Also consider that government notes are liquid. Who makes a market in your future benefits? Where can you go to sell them. Note: There is a special term in the financial community - can't recall, it isn't annuity - when you assign someone your life insurance benefits in return for a stream of cash today. People with terminal diseases usually go for this. It is a crap shoot for the assignee on whether you outlive the promised benefits. Stated differently, the assignee hopes that you drop dead the minute after you sign the assignment contract. So SS is even less liquid than life insurance.