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

To: J_F_Shepard who wrote (900372)	11/12/2015 7:49:45 PM
From: i-node	Read Replies (1) \| Respond to of 1575980

>> And what do you think will happen if that date approaches and your forecast is correct?? Right....the amount of money going into SS will be increased...... That may not be simple arithmetic but it is simple logic..engineers have it, bean counters don't... There are two things that can happen. A tax massive tax increase or, by statute, a reduction in benefits. Of course, statutes can be changed. But it also depends on what happens between now and then. If Congress can borrow to avoid facing the music it will, unless we get some real leadership. >> I'm also surprised that you who often says gov'mint can't forecast 5 yrs out now quotes Reagan saying he forecast 55yrs out..... I have consistently maintained on SI and elsewhere that SS is the most readily forecasted demand for money because the factors that go into its forecast are relatively solid. We know how many people are going to retiring each year with relative accuracy. We know what years they will become eligible for benefits. The only thing we don't accurately forecast is when they will die because we cannot accurately forecast the estimated in life expectancy for living persons. SS has been accurately forecasted for as long as I remember; when I first started paying attention to the actuarial and financial problems of SS I was about 25. Medicare has NEVER been accurately forecasted.