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To: CodeToad
I understand all that, but over what TIME PERIOD? SS is not due to close out so how can anyone claim a total value for it since it is perpetual?

The estimates that I have seen assume an arbitrary cutoff - say, at 2050. That said, it doesn't much matter what they do since the future value beyond about 30 years is so small and the total liability is so absurdly large.

21 posted on 09/23/2013 5:23:44 PM PDT by Zakeet (Democrats haven't destroyed your freedoms ... you can still visit them at the Smithsonian)
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To: Zakeet

The one future budget number I find reasonable, and scary, is the expected federal income at current tax rates versus the future estimated expenses. Those numbers are all over the place but they suggest we won’t be viable in a few short years. Our rate of freebie expense growth is outpacing our income growth by a large margin.


23 posted on 09/23/2013 6:37:01 PM PDT by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off. -786 +969)
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