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

To: bentway who wrote (381555)	4/30/2008 1:32:05 PM
From: i-node	Respond to of 1576853

"As of the end of calendar year 2006, the accumulated (SS) surplus stood at just over $2 trillion" This is over your head but I'll try to explain it to you. The term "surplus" is confusing you. It is a CASH surplus. But SS owes trillions to beneficiaries that hasn't been booked yet. You cannot accurate measure the surplus (in this case, actually a huge deficit) with cash. Because it doesn't give account to the massive liability for unfunded benefits. Had you taken an entry level course in accounting, you would know this.