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To: oldcomputerguy
At that point, under current projections, benefits would decline slightly for some period of time.

Besides the fact that SS is a pay as you go system and the bonds from the SSTF must be redeemed using real money, the benefits will decline approximately 25% in 2042 if all the bonds are paid off. By that time, our economy would be a disaster with over 70% of the federal budget being consumed by entitlement programs and another 25% servicing the debt. Doesn't leave much else for discretionary items like national defense. LOL

17 posted on 02/18/2005 12:50:53 PM PST by kabar
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To: kabar

"our economy would be a disaster "

There is an old adage attributed to J.P.Morgan that says, "No one ever got rich betting against the United States"


29 posted on 02/20/2005 7:36:50 AM PST by oldcomputerguy
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