2011-06-07financialsense.com

For [the Social Security Trust Fund] to suggest to Congress that the deficits will be"growing rapidly" post 2014 represents that the actual results will be closer to the worst case scenario. Should that be the result, the cumulative deficit at SS from 2011 through 2020 will be $900 billion.

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My own review of the numbers says that we have little chance of achieving even [these "worst-case" projections]. It is likely to be much worse than that. The problem is that the economy is simply not producing enough jobs.

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The solution(s) have to be born (largely) by the Baby Boomers themselves... well off Boomers (there are many, including myself) are going to have to dig into their pockets to support those in their age group who did not fair so well. That, in my opinion, is the only viable solution. That would be more representative of the American way. Fairness.



Comments:

bdc63 at 19:58 2011-06-08 said:
amen to that. Permalink
buyerbeware at 20:48 2011-06-08 said:
I've done the comparison thing: tuna is cheaper than cat food, which is good news for me. Permalink

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