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View Diary: Big News! GOP Senator Questions Bush "town halls." (111 comments)

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  •  Just got my 2005 statement (4.00)
    for future earnings from SS (or lack of same) full of new "warnings" about when the Trust Fund runs out of money and other bullsh-t.  "Without changes, by 2042 the SST Trust Fund will be exhausted (Footnote: "These estimates were produced by the actuaries at the SSA based on the intermediate assumptions [WTF are these?] from the SS Trustees' Annual [year not specified]Report to the Congress.  By then the number of Americans 65 or older is expected to have doubled.  There won't be enough younger people working to pay all the benefits owed to those who are retiring.  At that point, there will be enough money to pay 73 cents for each dollar of scheduled benefits.  We will need to resolve these issues soon to make sure SS continues to provide a foundation for protection of future generations as it has done in the past." (Note Social Security abbreviated SS and bracketed inserts are editorial.  This isn't all by the way, there's more. funded by your tax dollars)

    Why the hell are my tax dollars being used to fund blatant propaganda.  If the Govt sticks these dollars in the Trust Fund instead, surely they could pay at least 75 cents on the f-ing dollar in the future.  (That is, if Bush hadn't already raided the Trust Fund.)

    Democrats give you the Bill of Rights; Republicans sell you a bill of goods!

    by barbwires on Fri Apr 08, 2005 at 05:58:15 PM PDT

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    •  Excellent (none)
      Scan the notice in & post the image! ha!
    •  Intermediate assumptions (4.00)
      Each year the actuaries make three sets of predictions predictions based on three sets of assumptions: low, intermediate, and high. The assumptions cover everything from future productivity rates to birth rates to lifespans.

      The intermediate one is not, "just right." (Sorry, Goldilocks.) It has been overly pessimistic for the last eight years. If we base our predictions on the more optimistic assumptions, the Trust Fund lasts much longer.

      I've got blisters on my fingers!

      by Elwood Dowd on Fri Apr 08, 2005 at 06:35:43 PM PDT

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      •  Thanks! (4.00)
        It reminds me of the old statistics joke:

        3 statisticians were target shooting.  The first shot; his arrow went wide right.  The second shot, his arrow went wide left.  The third shot, and the other two yelled:  "You've got it!"

        Democrats give you the Bill of Rights; Republicans sell you a bill of goods!

        by barbwires on Fri Apr 08, 2005 at 07:21:28 PM PDT

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      •  I'm betting on an infinite surplus (4.00)
        if you calculate on an infinite horizon, there will be a surplus of ss taxes and trust fund over the benefit payouts.  The last time I looked at charts when the best projection is true, we never even dip into the trust fund.  Basically the trust fund is growing rather rapidly.  In a few years, they are projecting that it starts shrinking just as fast.  That sort of reversal is very hard to predict.    

        For this reason, we can't let anyone raise ss taxes.  It's far more beneficial to have a few years where we dip into general revenues.  SS taxes benefit rethugs, since even the poorest person pays them, and thus feels the cold fingers of the government on their wallet.  A significant number of people pay more in SS taxes than income taxes, and it hurts.  It has the added benefit to rethugs that they use the proceeds to cut taxes on the rich.  And obviously, raising taxes to create a larger trust fund is a pointless excercise when they so clearly want to shred the bonds already in the trust fund.

    •  I think this is worth an LTE (none)
      or a call to your Rep? it s/he someone who's already come out against The Ejecting of the Denver 3?

      As long as I count the votes, what are you going to do about it? - William Marcy Tweed

      by sidnora on Sat Apr 09, 2005 at 07:39:14 AM PDT

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