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View Diary: Bloomberg: 'Social Security Greatest Transfer of Wealth in History" (37 comments)

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  •  That $22 trillion is bogus (1+ / 0-)
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    The current surplus is $2.6 tn and is projected to peak at $3.6 to $4.2 trillion in 2023.

    The clueless right wing hack that unwittingly showed that $22 trillion surplus on TV was using present value calculations of surpluses over the infinite future horizon. Which even if meaningful mostly represents surpluses that won't show up until the 22nd century and after. Basically fairy gold.

    •  Thanks for that fact update Bruce. (1+ / 0-)
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      Always important to have 'em.

      When everybody talkin' all at once no one can hear the wise one speak, So just be still and silence will provide the wisdom that you seek - by Tori del Allen

      by Dumas EagerSeton on Wed Nov 09, 2011 at 03:32:45 PM PST

      [ Parent ]

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