You are viewing an obsolete version of the DU website which is no longer
supported by the Administrators.
Visit
The New DU. Reply #5: He told the truth. SS is in great shape. But the fed budget is not.
[View All]
Merlin
(1000+ posts)
Send PM |
Profile |
Ignore
|
Mon Jan-03-05 10:11 AM
Response to Original message |
| 5. He told the truth. SS is in great shape. But the fed budget is not. |
|
He's one of the architects of the early 1980s plan that drove up tax rates to build up a huge "trust fund" for the boomers.
Social Security has hundreds of billions in that trust fund. Enough to keep it solvent until well after 2040.
But the trust fund is invested in US Gov. Bonds. And the US Gov. can't afford to redeem them. That's the problem in a nutshell.
|
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.
Printer-friendly format
Email this thread to a friend
Bookmark this thread