[doc11355]

The citizens are already alive, who will eventually receive Social Security. The law which defines their benefits are already on the books. Based on anticipated life spans, it adds up to at least $10 billion dollars. That unfunded liability IS THERE, TODAY.

I certainly agree with your premise, but I believe the liability to which you refer is $10 Trillion, not $10 Billion.

[Congressman Billybob]

Thank you.

Yep, you're right; it is $10 trillion, not billion. I always post my columns on FR before they are published. When I make a bone-headed mistake, I can count on someone to correct me, before my columns are published on www.ChronWatch.com, or get printed in the papers.

John / Billybob