Sorry to barge in here...but this is an important topic, and I want to get in on the discussion. I read all the posts and the links, and I am trying to understand all I've read and heard. There are some assumptions and agendas and ideas out there that I've been unable to coroborrate. If any of you know of any supporting or refuting evidence I'd love to learn about it.
I heard a surprising report that a given estimate included figures "based on a 150 year lifespan", lending weight to the crisis theory. The best I could find
here and their worst case (longest life expectancy) numbers come just short of 93 years old. A loooong time to be paying ss benefits for sure, but a far far cry from 150 years. did anybody else see the 150 year number or am I hallucenating?
SS was envisioned to be a good idea in the aftermath of the stock market crash of 1929 and the subsequent depession, and now some think the stock market is the place to turn for security?
who are honest brokers for the figures in question? GAO? SS trustee board?
Sorry, total rant here, but bush's
demagogery and fearmongering about the file cabinet of paper that represents the failure of the ss system is just beyond the pale. where is major media outcry the outrage about this highly specific distorion of the facts? am I to believe that the full faith and credit of the united states of america is in question? after all, these treasury securities, some 1+ trillion worth, are they "just promises"????!!! what the hell is money? or a mortgage? or a bank statement? or a contract?
Damn. I need a break.