From owner-freebsd-hackers Fri Jul 20 6:42:33 2001 Delivered-To: freebsd-hackers@freebsd.org Received: from albatross.prod.itd.earthlink.net (albatross.mail.pas.earthlink.net [207.217.120.120]) by hub.freebsd.org (Postfix) with ESMTP id D6DE137B401; Fri, 20 Jul 2001 06:42:21 -0700 (PDT) (envelope-from wiredbrain@earthlink.net) Received: from pflaump (sdn-ar-001flhhilP292.dialsprint.net [168.191.68.30]) by albatross.prod.itd.earthlink.net (EL-8_9_3_3/8.9.3) with SMTP id GAA24842; Fri, 20 Jul 2001 06:03:30 -0700 (PDT) Message-ID: <001501c1111d$15b6a660$1e44bfa8@pflaump> Reply-To: "Peter Pflaum" From: "Peter Pflaum" To: Subject: Panel Argues for Changing Social Security Date: Fri, 20 Jul 2001 09:01:45 -0400 Organization: GlobalVillage Schools MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="----=_NextPart_000_0008_01C110FA.9A6281E0" X-Priority: 3 X-MSMail-Priority: Normal X-Mailer: Microsoft Outlook Express 6.00.2479.0006 X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2479.0006 Sender: owner-freebsd-hackers@FreeBSD.ORG Precedence: bulk List-ID: List-Archive: (Web Archive) List-Help: (List Instructions) List-Subscribe: List-Unsubscribe: X-Loop: FreeBSD.ORG This is a multi-part message in MIME format. ------=_NextPart_000_0008_01C110FA.9A6281E0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0009_01C110FA.9A6BA9A0" ------=_NextPart_001_0009_01C110FA.9A6BA9A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable The Bush commission's report said the key date was 2016. That is when = payroll tax revenues flowing into Social Security from workers and = employers will fall short of benefit payments for the first time. At = that point, the system will begin relying in part on interest payments = from its vast holdings of government bonds - the Social Security trust = fund. But the bonds and the interest on them are nothing more than commitments = by the government to help pay future benefits out of general tax = revenues, meaning that Social Security will begin to impinge on the rest = of the budget. http://www.nytimes.com/2001/07/20/politics/20SOCI.html Now if those "trust funds" were invested in other than IOU's from the = Government to the Government they could earn more and be real. = Individual accounts are much more complex - alternative investments = could include foreign bonds which would help the balance of payments - = Bank CD would add to domestic savings and lower interest rates , index = funds are not the only investment alternative.=20 http://www.wiredbrain.com/public-policy.htm suggests a Federal Assets = Management Agency - like other pension funds. If the surplus now coming = into the trust funds over the next 10 years were used to create a real = reserve fund - several trillion dollars would be in the fund. It would = remove the temptation to spend theses funds and have real earning = (compound interest) added to them.=20 ------=_NextPart_001_0009_01C110FA.9A6BA9A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

The Bush commission's report said the key date was 2016. That is when = payroll=20 tax revenues flowing into Social Security from workers and employers = will fall=20 short of benefit payments for the first time. At that point, the system = will=20 begin relying in part on interest payments from its vast holdings of = government=20 bonds =97 the Social Security trust fund.

But the bonds and the interest on them are nothing more than = commitments by=20 the government to help pay future benefits out of general tax revenues, = meaning=20 that Social Security will begin to impinge on the rest of the=20 budget.

http://ww= w.nytimes.com/2001/07/20/politics/20SOCI.html

Now if those "trust funds" = were invested=20 in other than IOU's from the Government to the Government they could = earn more=20 and be real. Individual accounts are much more complex - = alternative=20 investments could include foreign bonds which would help the balance of = payments=20 - Bank CD would add to domestic savings and lower interest rates , index = funds=20 are not the only investment alternative.

http://www.wiredbrai= n.com/public-policy.htm=20 suggests a Federal Assets Management Agency - like other pension funds. = If the=20 surplus now coming into the trust funds over the next 10 years were used = to=20 create a real reserve fund - several trillion dollars would be in the = fund. It=20 would remove the temptation to spend theses funds and have real earning=20 (compound interest) added to them.

------=_NextPart_001_0009_01C110FA.9A6BA9A0-- ------=_NextPart_000_0008_01C110FA.9A6281E0 Content-Type: application/octet-stream; name="Panel Argues for Changing Social Security.url" Content-Transfer-Encoding: 7bit Content-Disposition: attachment; filename="Panel Argues for Changing Social Security.url" [DEFAULT] BASEURL=http://www.nytimes.com/2001/07/20/politics/20SOCI.html [InternetShortcut] URL=http://www.nytimes.com/2001/07/20/politics/20SOCI.html Modified=406D07661611C10103 ------=_NextPart_000_0008_01C110FA.9A6281E0-- To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-hackers" in the body of the message