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To: John Valentine

When the Democrats state that the SS system is solvent until 2043 they MUST be applying what is owed the system by the federal government. Don't you think so?


11 posted on 03/10/2005 4:53:04 PM PST by HankReardon
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To: HankReardon
When the Democrats state that the SS system is solvent until 2043 they MUST be applying what is owed the system by the federal government. Don't you think so?

Of course.

And it is just as meaningful and honest as me telling my daughter that I will pay for her college education with the IOUs I'm writing to myself and stuffing in the old cookie jar on top of the fridge.

The Social Security System is technically solvent today in the sense that it can cover current obligations from current revenues.

But it is handing over the surplus to the Treasury, where it is commingles with general funds and spent. Starting in about four years, the surplus will start to shrink, and the government will start to see the contribution of the SS System to general revenues start to shrink.

That is when the trouble will start.

16 posted on 03/10/2005 5:02:13 PM PST by John Valentine
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