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

To: Road Walker who wrote (516337)	9/27/2009 11:21:00 AM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1576639

>> The deficits — $10 billion in 2010 and $9 billion in 2011 — won't affect payments to retirees because Social Security has accumulated surpluses from previous years totaling $2.5 trillion. We know. SS has a "cash" surplus. Of course, cash method accounting is specifically not allowed for any PUBLIC pension plan for the reason that it doesn't clearly reflect income or financial position. But, it is okay for SS, right? You do not know enough accounting to discuss this subject with me. Clearly, you never had, or at least didn't do well in, your very first accounting course where this was covered at length.