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To: Racer1
Social Security Trust having problems

The major problem is that it is filled with IOUs otherwise known as non-market T-bills, which can only be redeemed by the USG. The SSTF represents a liability, is part of the national debt, and has no real assets. SS is a pay as you go system, which will start paying out more money than it is taking in 2017. Starting in 2008, the SS "surplus" will start declining.

24 posted on 05/18/2006 3:10:36 PM PDT by kabar
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To: kabar
SS is a pay as you go system, which will start paying out more money than it is taking in 2017. Starting in 2008, the SS "surplus" will start declining.

so another 100 million people won't accelerate the decline over the next ten years?. Thats providing they all work and pay into SS right?

30 posted on 05/18/2006 3:15:46 PM PDT by Doogle (USAF...8th TFW...Ubon Thailand...408thMMS..."69"...Night Line Delivery...AMMO!!)
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