Gerry wrote:

> In article <4130C1F1.BC6E1DBF@yahoo.co.jp>, Eric Takabayashi
> <etakajp@yahoo.co.jp> wrote:
>
> > > Social Security is there to keep people from starving and/or dying
> > > in the street's like many world cultures.  It's done pretty well at
> > > that so far, so I'm not interested in figuring out the fastest way
> > > to kill it, while making rich folk richer.
> >
> > But what of the fact that system will go bankrupt at projected rates,
> > if nothing is done about it?
>
> Who told you that?

Look at their own spending figures (spending ON SS, not what is siphoned away),
and imagine for yourself who will pay for it, and how.

http://www.ssa.gov/history/reports/briefhistory.html

In 1935, SS cost the government a whopping 1.27 million dollars.

In 2001 on SS alone, the gov't paid out near $432 billion, and increases about
$20-30 billion each year. SSI was another $32 billion in 2001.

People are rightly concerned about who will pay for Iraq, and how. That amount is
considerably less (about 1/4), and temporary.

I don't need you to make a government job out of figuring it out. The question is
this simple: who's going to pay that $460 billion a year, with annual cost of
living increases (2.5% a year), plus an additional $20-30 billion a year as more
of the population reaches retirement age, and how?