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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (13096)	3/20/2012 12:15:01 PM
From: Bearcatbob	1 Recommendation Respond to of 85487

Lets get talking about where the problem is not this BullS attempt to pretend the SS is bankrupt. It's NOT!!! Steve, the whole nation is bankrupt on a GAP basis. Bob

To: Steve Lokness who wrote (13096)	3/20/2012 12:15:02 PM
From: Bearcatbob	1 Recommendation Respond to of 85487

Lets get talking about where the problem is not this BullS attempt to pretend the SS is bankrupt. It's NOT!!! Steve, the whole nation is bankrupt on a GAP basis. Bob

To: Steve Lokness who wrote (13096)	3/20/2012 12:23:39 PM
From: TimF	Read Replies (1) \| Respond to of 85487

56 billion SS deficit is NOTHING! I said stop the wars to make up the difference. The cost of the wars according to Wikepedia is now AT LEAST 3.2 to 4 TRILLION. TRILLION Bob. Your comparing a current per year cost for a growing item, to disputed estimates for the total past, present and future costs (for forever) for a shrinking item. $56 bil / year and growing. The $3.2tril+ figure is in total, and not even in total for what we have already spent (which is only a bit above $1tril), but the total estimate cost forever, including interest (which isn't included in your SS figure). The per year cost is declining. Even just considering the Social Security shortfall (SS spending minus SS taxes), the real figure will be bigger for SS. Considering the actual cost of each (SS spending isn't any cheaper because it has a tax with the same name, the tax is just how we meet the expense, but the expense is just as large), SS already dwarfs war spending, and is heading up, while war spending is heading down.