CONGRESSMAN NADLER: Stock market crash questions

[Reese Stanton <rstanton@aol.com>]

Congressman Nadler,
I appreciate your involvement in this important discussion.

A lot of rhetoric and demagoguery surrounding personal 
account proposals seem to center on what would happen in 
the eventuality were someone to retire in a year that 
the market severely dipped. 

QUESTION #1:	If the financial markets dipped to the 
extent that those against private accounts insist it 
will (another 1929), would it be fair to say that such
an economic downturn would have a deteriorating effect on 
the currently underfunded pay-as-you-go system?  

QUESTION #2:	In our wage-based, demographically driven 
pay-as-you-go system, if unemployment roles suddenly increase 
dramatically, would there be sufficient payroll tax revenues
coming into Social Security to fund benefits?

Thank you for your time.