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To: Captain Peter Blood

Did you read the Plan? Did you watch the video? Do you know that the actuaries are in agreement that this plan will work. Do you realize that if your personal account fails because the market completely tanks, the LEAST you get is what you would have gotten from the existing system? Do you know that under this plan it becomes YOUR account, money you can leave to your offspring?


7 posted on 09/12/2011 3:40:36 PM PDT by cumbo78
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To: cumbo78
Doesn't make any difference no plan can or will work and yes I took a peek.
What you fail to understand is that the Debt has us.
As interest rates move up, as little as 80 basis points, our interest expense almost doubles to over $600 Billion a year, as it continues to go up the amount of money we have to pay expands exponentially until every dollar going in is used to pay interest on the debt.
So you see we will default way before then.
It is mathematically too late to do much. You either are looking at drastic reductions, elimination of all entitlements except SS or nothing at all.
The time to make these changes was about 30 years ago.
At this point no much to be done except prepare for the worst. None of these politicians have a clue, the corruption of both parties has put us where we are.
Again how do you get around the Demographics, you act as if that is a minor matter. Now if our population was 600 million or more we might be able to transition into a new plan that will work but that isn't going to happen either.
9 posted on 09/12/2011 4:08:29 PM PDT by Captain Peter Blood
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