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SS is good till 2072--BOomers will be dead--"outlays drop" says CBO

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FogerRox Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-23-05 07:18 PM
Original message
SS is good till 2072--BOomers will be dead--"outlays drop" says CBO
This graph from the CBO shows that outlays go down when the Boomers die. Page 5 from this PDF file--figure one.

http://www.cbo.gov/ftpdocs/60xx/doc6068/02-03-SocialSecurity.pdf


SS Trustees say
Economic growth of 1.8% means SS is good untill 2042
CBO says
Economic growth of 2.4% means SS is good untill 2052
I say
Economic growth of 3.0% means SS is good untill 2062
I say
Economic growth of 3.6% means SS is good untill 2072

The USA has averaged 3.5% growth for the last 100 years.
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rkc3 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-23-05 07:23 PM
Response to Original message
1. Wait a minute - they're using facts and historical averages to make their
projections. There's no room for these in bushland. It's all fear all the time in this brave new world.

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FogerRox Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-23-05 07:38 PM
Response to Reply #1
2. Look at the graph--its amazing--out lays drop like a rock on bush's foot
When the BOomers die---thats me born in 1958---the last of the BOomers.

There will be no need to keep paying out---we will be dead-=--

SOOOOO the friggin out lays drop--while revenues dont drop.

Bush lies

Social security fries
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WI_DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-23-05 07:41 PM
Response to Original message
3. One way to save social security is to kill off all us boomers
wait a minute what am I saying!!
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FogerRox Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-24-05 07:47 PM
Response to Reply #3
4. DSid ya look at the graph? It shows just how much BS the Bushies are
Spinning--there is this HUGE drop off-- around 2050--

Outlays drop like a rock----this to me throws an arrow thru the heart of the Bush case for destructo--ing SS.
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-24-05 08:05 PM
Response to Original message
5. I'm a boomer and I'll be 125 years old in 2072...
I hope my SS is still there
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Wilms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-24-05 09:55 PM
Response to Original message
6. ..
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