What am I in denial about? I said that Social Security and Medicare are not AAA-rated, ie, they’re not secure. Personally, I just don’t put much faith into NCPA studies.
As I said, a few years back, they were touting all things Chilean: the Chilean retirement system, the Chilean disability system, etc, most of which involved buying stocks and most of which crapped out. Funny thing is, most of the people on the NCPA board are people who have a lot of stock to sell.
Pardon my skepticism....
Well, why don’t you just check the numbers from the sources...like the Social Security trustees...or Medicare trustees...saying these programs are “not AAA-rated” is like saying a convicted serial murderer is “not a good guy.” It just a huge understatement.