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Re: Election 2010: Teabaggin' the Ds & Rs
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Originally Posted by Adder
So thus on balance sheet, no?
ETA: BTW, another thing I have been wondering about but haven't bothered to look up is how the size of the trust fund compares the the expected future shortfalls. I occassionally find myself thinking about it as though the fund is a measure similar to an unfunded pension liability, but it isn't, as in fact there isn't any real relationship between its size and what will be owed.
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You can read up here:
http://www.cbo.gov/ftpdocs/104xx/doc...ity_Update.pdf
Basically in about 25-30 years we reach a relatively steady state under current law where there is a "deficit" of about 1% of GDP between SS revenues and outlays. Obviously that needs a fix, but it's a bit easier since it doesn't blow up the way medicare does.
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[Dictated but not read]
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