[P.O.E.]

Comparint the SSA's own press releases from April 2011 and May 2012.

The point at which non-interest income fell below program costs was 2010. Program costs are projected to exceed non-interest income throughout the remainder of the 75-year period. (April 2011).

In April 2011 they project fund exhaustion a year earlier than before. In May 2012 they project fund exhaustion 3 years earlier than the 2011 projection

In 2011 they're earning 4.6 percent interestand in 2012 4.4 percent (not sure how this works, given that SS payments are then "loaned" to the general fund), and one wonders what their interest rate projections are going forward.

I mean it's a shell game anyway, but point is I have trouble believing any government projections.

[P.O.E.]

Comparint s/b comparing
interestand s/b interest and

That’s what I get for posting while watching TV.

[muawiyah]

The whole point of doing a present value analysis on something 75 years in the future is to INVENT MONEY ~ that's how Olympia Snowe came on the idea of charging the USPS $5.3 billion a year for 10 years to pay for postal employee medical insurance 75 years in the future!

It became an enormous sum and she and her running dog lackeys in the Senate could then say, with a straight face, that they'd come up with a $50 trillion addition to the US Budget ~ so everything was balanced back to George Washington's time.

This article, to the degree it looks at present value, is garbage unless the readers understand what that means ~ but, like the US Senate where people ought to know, even the people who know are easily tricked and panicked into making rash judgments and stupid decisions.