In article ,
Han wrote:
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.
Saw a rather interesting study on seekingalpha.com late last week.
They noted the same thing and suggested that between the Europeans and
the US we were the better bet because we might actually have taxpayers
left in 30 years to pay back the bond.
Back in 1950, as the baby boom was just getting started, each
retiree's benefit was divided among 16 workers. Today, that number has
dropped to 3.3 workers per retiree, and by 2025, it will reach--and
remain at--about two workers per retiree. So it will only slightly
ameliorate the needed money.
--
People thought cybersex was a safe alternative,
until patients started presenting with sexually
acquired carpal tunnel syndrome.-Howard Berkowitz