No new revenues are needed to make sure "make sure Social Security sticks around for as long as the eye can see." CBO projects that Social Security will be able to pay all scheduled benefits through the year 2049 with no changes whatsoever. Even after 2049, with no change, the payable benefit would be 30% higher (in real terms) than today. Can your eye see past 2049? I'll be 84 - how old will you be? If I live to see the day there is an actual rather than projected shortfall (which keeps being pushed back - remember when it was 2030?) in Social Security, I'll count myself lucky.
On Fri, Sep 19, 2008 at 7:52 AM, Julio Huato <[EMAIL PROTECTED]> wrote: > http://biz.yahoo.com/ap/080919/wall_street.html > > Attention, attention! Here's my plan to rescue the United States of > America. It's wicked smart! First, let's hope that Wall Street rallies > BIG time today. Early in the morning, the Treasury and the Fed should > continue reassuring Wall Street that everything is honky dory. Then, > this is what the Treasury and Fed should do next: > > When the price of the financial institutions just rescued gets to its > highest point today, sell it all to the money junkies! And short the > hell out of those financial institutions that so far have managed to > survive! Cash in and use the proceeds to 1) make sure Social Security > sticks around for as long as the eye can see, 2) fund single-payer > universal health care, 3) fund universal and free public education all > the way to college, 4) eliminate poverty, 4) rebuild our crumbling > infrastructure, and 5) assist war veterans and their families. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Robert Naiman Just Foreign Policy www.justforeignpolicy.org [EMAIL PROTECTED] Ambassador Pickering on Iran Talks and Multinational Enrichment http://youtube.com/watch?v=kGZFrFxVg8A _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
