Subject: Graphical represenation of Clintions plan
Anyone courious what President's Clinton's plan looks like?
Here is the ending year balance for the following:
Green is the amount of money needed for OASI to be solvent One could say this is the unfunded liability in each year.
In summary, saving a few trillion dollars does what? The unfunded liability is growing faster than the revenue stream and that is why in 2044 the unfunded liability is over $70 Trillion. Do we really want to call this a fix.
The only fix is to cut benefits NOW!
The rate of increase in the amount of money required to fund a longer retirement period decreases as you get past 20 years. It takes very little more to make it last a few more years. In fact once you get past 30, it is like perpetuality.
Raising the retirement age is not only a benefit cut, but is a tax increase.
