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Old 09-30-2009, 08:54 PM
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427sharpe 427sharpe is offline
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Then your pension must really suck, or you have not studied the numbers on SS yet.
Technically, SS cannot go br because it is not a 'funded' system. Todays inflows pay todays outflows. As America ages and the babyboom generation retires, fewer workers will have to support more retirees ss income if the system goes unchanged. IIRC, it adds up to 2.7 retirees per worker at the bell of the curve. It is illogical to assume that this can be maintained without some sort of income layaway to make the difference manageable. That layaway basically means that workers today that are 10-20 years away from retirement have to be tapped for more income to be 'funded' into SS. That means higher taxes, ceteris paribus.
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