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To: Rmn who wrote (400)1/3/1998 11:15:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 9980
 
Ramsey, I am not sure where the number of 20 trillions comes from. But if we had 20 trillions funded and it returned a normal 5% interst rate, the interest return would be a trillion bucks, and while I do not know the exact numbers, I doubt that the total expenditure on social security is that high, so we would not have to pay anymore into that fund it would be "funded" for ever. Imagine for a second that indeed we were funded at the rate of $20 trillion. What is that money invested in? Government securities? But we have only 5 trillions of such securities outstanding?

Zeev