SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (219417)9/9/2009 6:52:16 AM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
There is no "long term health" of the SS Trust Fund. It's destiny is bankruptcy, as is the destiny of all Ponzi schemes. That destiny was known 30 years ago, but they weren't sure when it would happen back then. The actions of the early retirees is simply bringing the when closer to today. Those people have switched from paying in to taking out much earlier.

Revenues to the state and federal governments at just about every level have reduced far more than the governments have reduced spending.



To: KyrosL who wrote (219417)9/9/2009 8:23:20 AM
From: MulhollandDriveRead Replies (1) | Respond to of 306849
 
i would like to see some hard numbers to support that....the combination of fewer paying into SS (burgeoning and sustained unemployment) along with accelerating numbers of 'early' retirees seems like a recipe (rate of change and current cash flow) for exploding SS deficits....

(some cynics out there are saying this is the real reason for the urgency of setting up nationalized heath care....as it establishes a new cash flow to tap for SS and medicare expenditures....add to that health care rationing for the elderly, the NPV goes down as well)