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To: RFEngineer
Oh, so he actually did continue the lie.....

Um ... no. SS does not become insolvent for years, at this point. The solution will need to include multiple prospective changes (means testing; lengthened retirement ages; segregation of funds/privatization of the investment of the funds) in order to "grandfather" and continue the payments to the current retires living on SS.

42 posted on 08/28/2011 5:56:23 AM PDT by Servant of the Cross (the Truth will set you free)
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To: Servant of the Cross

“Um ... no. SS does not become insolvent for years,”

SS is only as solvent as our Government. Yes there is a financial shell game that gives an appearance of solvency, but cut through the BS and you realize that SS is funded through present tax revenue - and borrowing. If one or both of those become unavailable or severely constrained (as is likely), SS is not solvent.


54 posted on 08/28/2011 6:33:52 AM PDT by RFEngineer
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To: Servant of the Cross

SS does not become insolvent for years, at this point.


I don’t know how you define solvency, but outlays are CURRENTLY greater than revenues, and the difference is made up from the general fund (which relies on borrowing).


138 posted on 08/28/2011 11:19:25 AM PDT by Atlas Sneezed (Are you better off now than you were four trillion dollars ago?)
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