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View Diary: Should Americans Forgive the $2.5 Trillion Borrowed From Social Security? (181 comments)

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  •  Even if the SSTF runs out of money in 20 years (1+ / 0-)
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    if we don't make any changes to SS, no one's asking what happens after that. Does SS remain in permanent deficit, or are we talking 5, 10, 15 years of deficit, following by another 10-20 or more years of surplus due to more people working than retiring again, and if so, doesn't this suggest a financialization solution to SS's supposed "crisis" in 20 years that doesn't need to involve benefits cuts?

    Seriously, have these people never heard of future value amortization?

    Obviously, they have, because it's precisely what was used to justify supply-side tax cuts that would supposedly pay for themselves.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Mon Dec 03, 2012 at 09:21:40 AM PST

    [ Parent ]

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