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[Rob <becidawa AT hctc.com>]

At  2/13/2005 11:17 PM, you wrote:

> The Skinny on Social Security

his was a good article if the numbers quoted were accurate.


> By Michael I. Niman, ArtVoice 2/10/05
>
> The corporate media has been making a lot of noise lately about the
> so-called "Social Security crisis." And those in the alternative media
> have been assuring us that there is no crisis, based on interviews
> conducted with a plethora of economists both in government and academia.
>
>
> Here are the facts. Lots of Americans were born during the 15 or so
> years following the end of World War Two. We call this the baby boom.
> Boomers have demographically passed through time like a big fat rat
> flushed down the toilet, clogging public schools, colleges and
> ultimately the job market with their mass. The big fear is that
> ultimately when this demographic blip reaches retirement age in about
> ten years, they'll burst the Social Security pipeline and throw the
> system into ruin.
>
> Social Security administrators, however, saw this blip coming a
> generation ago, and adjusted payroll taxes so that the payroll system
> would run a surplus - enough to support itself until the last of the
> baby boomers die of old age.
>
>
> Here are the numbers.
>
> At this point (2028 or later), Social Security will dig into the nest
> egg it built up specifically for the purpose of getting over this
> hump. The trustees, including a number of Bush administration cabinet
> officials, predict that this nest egg will be depleted in 2042. The
> Congressional Budget office predicts this will occur in 2052.

In 2052 I'll be 99 years old, that really does put it into perspective.

I have not been watching much of the media lately, do they keep bringing up 
Mr. Bush's numbers and ignoring the others?

I suspect that again, this is the time to follow the money if you want to 
know what's really happening.



Rob
becidawa AT hctc.com