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

To: bentway who wrote (357716)	11/9/2007 12:34:39 PM
From: TimF	Respond to of 1573994

The issue isn't just "paying back" social security. If it was, it could be solved today, by just adding another of those useless shifting around money between accounts that I was talking about. The problem is that the anticipated (and desired, at least by a large and growing group that tends to vote at a higher rate than the general population) spending is to high to reasonably be sustained. Greater than expected economic growth can help, but only so much, because if we grow faster than expected wages will probably climb faster than expected, and SS payouts are indexed. It will help because it delays problems and because cuts from higher than expected future benefit increases, may be politically easier than cuts from previously anticipated increased, but some sort of reduction in future planned increases is going to be needed, even if its a reduction that allows for higher than current benefits in both nominal and inflation adjusted terms.