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To: crazyshrink
Keep in mind the time it was implemented and the future calculations involved. The program was very near-sighted, and never expected a BOOM in population in 14 years, to last for 18 years. A fatal flaw.

The other flaw was this money paid for infrastructure and was never invested. That's why alot of infrastructure is 50 years old. New taxes must be started constantly to keep up.

The earmark crap is supposed to do this, but is abused to a point that leaves one wondering if we'll ever get out of this mess.
13 posted on 08/25/2007 1:33:32 AM PDT by eyedigress
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To: eyedigress

A decade or so ago there were several ponzi schemes going around. Send a dollar to the 8th person on the list and get a million back or whatever. They were declared illegal and shut right down.

I do understand that pols are near-sighted, blind, deaf, and dumb. They did not even see that life expectancy would increase either.

The SS trust fund has been perpetually raided. For many years, and favor some even to this day, the $ backing of the US govt is enuf to inspire confidence that they can/will cover this shortfall, plus interest. And at a devalued rate. I am not sure many people (conservatives that is)expect SS to be viable for their retirement. Perhaps the tax and spenders do in their misguided opinions.


18 posted on 08/25/2007 2:38:16 AM PDT by crazyshrink
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