I had one question...
Erik wrote:
3. Why can't we take whatever excess money there is _now_ in the system (including money that the Fed owes SS) and invest it in some secure way in order to insure SS's solvency?
There IS no excess money. The present value of projected future SS receipts together with the trust fund balance is LESS than the present value of future scheduled SS benefits. Over the next 75 years, the deficit is about $3 to $4 trillion. If we don't artificially cut off the deficits after 75 years, the total deficit is over $7 trillion.
But its not the future yet, right? I'm asking why can't we do something with the money in the meanwhile? Providing the government could come up with it somehow of course.
-- Doug _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
