wrote in message
...
On Tue, 2 Feb 2010 15:44:13 -0800, "nom=de=plume"
wrote:

Your numbers for Medicare are way off.

Medicare is already upside down, scooping up "reserve" money the
government has already borrowed and spent. (AKA printing money)


http://www.ssa.gov/OACT/TRSUM/index.html

These are Ponzi schemes that really only have the money that is coming
in each month to redistribute back to the "investors". Just like
Bernie Madoff,. they spent the rest. The only real "investment" is
the full faith and credit of future tax payers. Without exponential
growth of the tax base, these have to fail. That worked when the
boomers were all working but the boom is over soon and these people
will be coming for money that doesn't exist.



All true, but it won't go bust for a long time. There's plenty of time to
fix it, but yes, it has to be fixed.


If you consider 5 years a long time I suppose you are right about
Social Security but medicare is broke now. They are printing money to
fund it.


Not sure where you're getting your numbers, but SS is positive until
something like 2040, then it will be taking in less than it spends. Medicare
is less well off. I believe they're predicting 2020 when it run out of money
if not refunded.

--
Nom=de=Plume