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

To: Alighieri who wrote (397345)	7/9/2008 9:19:36 AM
From: i-node	Read Replies (1) \| Respond to of 1578363

The liability in fact is but a byproduct of the two true variables, the benefit and the contribution. That's correct, the way Congress has done this. Normally, in a defined benefit plan, you make contributions that are adequate to generate the desired benefit. In the case of SS, this wasn't done -- Congress said, "We want the benefit to be x and the contribution to be y, and we're not worried about whether the math works on a long-term basis". And in fact, it didn't and doesn't. My objectivity has nothing to do with it. I'm not objective, I suppose, because I understand the problem. And frankly, the problem hasn't changed since before the restructure.