I had a look at the American Social Security system a while back and I've got to admit I was shocked at the scale of the problem/debt you guys are looking at.
Keep in mind there also is a 11 TRILLION dollar annual economy underlying this. The number is huge and will be a problem but it also needs to be kept in context of size of the population and economy being serviced.
"I had a look at the American Social Security system a while back and I've got to admit I was shocked at the scale of the problem/debt you guys are looking at."
Dundee,
If a private corporation were running the kind of scam that our federal government is calling a social security retirement plan, the corporate officers would be doing 25 to life at levenworth federal pen in maximum security. It's a ponzi scheme and anyone with even minimal financial skills knows it. Like so many other serious subjects, the politcos don't give a ship about the common good, only about their own re-election. President Bush is too good for this Country. If he were as small minded as his opposition, he would just resign and go back to Texas. I pray to God that he doesn't, but I wouldn't blame him if he did.
It's a pyramid scheme that's been hoisted on the American public. It's something that's illegal in the public sector, because it's simply an investment scheme that's a scam. It can only continue for as long as "fresh blood" is brought into the scam.
Mark