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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (17456)	2/9/2009 12:05:11 AM
From: Larry S.	Respond to of 71455

FWIW, the Trustee's medium projection suggests that revenues wil cover benefits through 2042 and by then most BBs will have passed on. However, the projection doesn't take the depression we are sliding into into account. It is also important to understand that the majority of the securities in the TF are there as a result of the fix based on the Greenspan Commission report in 1983. And the funds are invested in the most risk free securities available. They are guaranteed by the full faith and credit of the Gov. and their value doesn't vary with interest rates. Just think what the TF would look like today if funds had been invested in stocks. The problems with the TF and its investment in special treasuries is the Unified Budget which most Conservatives expected Reagan to eliminate in his first year but, unfortunately, his advisors understood how it could be used to hide deficits. Without it, we wouldn't have heard talk in 2000 of a surplus. There wasn't one. The real deficit was about 40 billion. Larry