>>>>What I show is even with current market rates and even if the funds were real, the system is still $10 Trillion underfunded in 1999 and grows by 7% a year.
The 10 trillion in unfunded liability could be offset by about 1.5% of current payrolls. A LOT of money, to be sure, but also not insurmountable. We certainly have to consider that unfunded liability in our SS reform proposals. Indeed, some reforms could INCREASE that unfunded liability. But the sky is not falling.
>>>>Sure we may feel great about adding $100 billion in worthless notes to the fund.
Those same 'worthless notes' that free market traders value as the safest investment in the world!
>>>>"When I go to retire, they will again tax me so they can pay back the money borrowed in earlier years."
Yep. The same as they would if SS had never existed. Remember, the borrowing was done by the general fund!
>>>>>Pretty stupid if you ask me if no one can see this.
Yes. Kinda like saying 'My way of looking at things is the only valid way'.
