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OT. Turds in Iowa.
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Han
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Posts: 4,297
OT. Turds in Iowa.
Kurt Ullman wrote in news:z-
:
That is gonna happen eventually no matter who is in charge. The only
difference is timing and extent. SS has a very big unfunded part because
they vastly increased the benefits but only marginally increased the
taxes paying for them (and that is on top of the actuarial concerns
because of people living longer and paying back the 16T "surplus" that
went to Treasury securities.
You better be glad that the US birthrate is at or slightly above the level
to keep the working population stable. In Western Europe, only imports are
keeping it up sufficiently, but only for the moment ... And that is
despite the bonuses in their tax laws for producing offspring.
--
Best regards
Han
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