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To: Wingy

Wrong, Wingy. You and I paid for our own, but it has been looted by free-spending pols. The actuarial tables and taxing methods would have been solvent thru the 2030’s, otherwise.


33 posted on 04/03/2013 7:27:59 AM PDT by firebasecody (Orthodoxy, proclaiming the Truth since AD 33)
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To: firebasecody
You may say I'm wrong and you might even believe it in your heart, but I say check your assumptions. I was part of a team that ran the numbers in the '70 for all of SS as an econ 201 project. Yes there WAS a surplus on paper and even that was due to be depleted half way through the Boomer generation's retirement. Even before Medicare Part D, the system was doomed. On top of that, even the surplus was spent each and every year by our wonderful congress critters and signed off by every president including Reagan. I say again, current workers pay for current recipients, and have, in real terms, since 1964.

That's the fact, Jack.

34 posted on 04/03/2013 7:50:54 AM PDT by Wingy
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