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

To: i-node who wrote (495643)7/16/2009 1:36:32 PM
From: Steve Dietrich  Read Replies (2) | Respond to of 1574261
 
My children are paying Medicare taxes today that were, as the program was conceived, to be held in trust so that when they turn 65 those funds would be available to pay for their benefits.

This is a lie. Your whole rant is based on a falsehood. You're really not to be taken seriously.

Medicare didn't collect revenue for a generation, hold on to the money, and then start paying benefits when those workers retired. That's absurd.

Instead, the working generation pays for the benefits of retirees with the understanding that their benefits will in turn be paid by future workers.

Which is why your accounting claims are such a joke.

Medicare currently runs a surplus.

SD



To: i-node who wrote (495643)7/16/2009 1:54:49 PM
From: bentway  Read Replies (2) | Respond to of 1574261
 
"While there is a CASH surplus, there is a HUGE, $36 Trillion unfunded liability -- A DEFICIT."

I really don't think you know accounting. It's not a deficit until it begins to run in the red. Which it hasn't.


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