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Reply #5: solution more expensive than problem [View All]

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Home » Discuss » Topic Forums » Economy Donate to DU
DaedelusNemo Donating Member (336 posts) Send PM | Profile | Ignore Wed Jan-19-05 10:37 AM
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5. solution more expensive than problem
Given the math in the article, the 'unfunded liability' of SS is roughly 3 trillion during the next fifty years. Bush's plan involves borrowing 17 trillion during that same time, adding to our deficit enormously - interest payments on it are already projected to be more expensive than SS, and it's just 7 trillion now.

Excellent points about dependents vs. retirees, and the productivity growth - although of course if that productivity doesn't translate into wages we're screwed anyway.
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