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

To: GST who wrote (17489)2/9/2009 8:36:50 PM
From: Larry S.  Read Replies (1) | Respond to of 71456
 
It all depends upon how our population grows. It seems to me that you are assuming the contributors are all off-spring of those of European origin. Yes, our birthrate has fallen to about 1.6 per female. But, just about every other group has a relatively higher birth rate and it is not clear that our working population will fall, as you suggest, relative to our retired SS beneficiary population. I noticed some interesting projections in a News Week magazine today while waiting in a Doctors office. I believe it was suggested that whites would only be about 50 percent of the population by 2050. I don't recall what percentage would be immagrants but we will need workers to keep the economy moving.

Larry



To: GST who wrote (17489)2/9/2009 10:15:45 PM
From: JBTFD  Read Replies (1) | Respond to of 71456
 
I understand why people refer to it as bankrupt. It is an incorrect assertion. It will become bankrupt at such time as it takes in less than it is paying out. We have not hit that point yet so it is not bankrupt.

I don't think anyone familiar with social security denies that it will need to be revamped.

But to falsely characterize it as bankrupt does nothing to help the dialog.


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