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**bestcigsnick** · 03-27-2010, 06:38 AM

^
Waaaayyyy to late for that. The money's gone. In the end, it was used to float the rest of the gov't. The majority of it was probably used to keep Medicare and Medicaid from collapsing.

That's the trap. SS itself was fine as long as it ran a surplus. But that's over, now it's a liability itself, and isn't helping with the other liabilites. At some point, the losses will have to be cut, and the fact that these programs are unsupportable be faced.

Oh, and the concept of floating these programs by borrowing is looking dicier by the minute.

http://www.ft.com/cms/s/0/c51fbbce-3...44feabdc0.html

03-27-2010, 06:38 AM	#5
bestcigsnick Join Date Oct 2005 Posts 474 Senior Member	^ Waaaayyyy to late for that. The money's gone. In the end, it was used to float the rest of the gov't. The majority of it was probably used to keep Medicare and Medicaid from collapsing. That's the trap. SS itself was fine as long as it ran a surplus. But that's over, now it's a liability itself, and isn't helping with the other liabilites. At some point, the losses will have to be cut, and the fact that these programs are unsupportable be faced. Oh, and the concept of floating these programs by borrowing is looking dicier by the minute. http://www.ft.com/cms/s/0/c51fbbce-3...44feabdc0.html
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