Reply #44: I disagree, if the PO is weak and Obama quoted the CBO estimate...

[slipslidingaway]

in the Congressional speech then it will not provide the needed competition and will funnel government money to private companies.

Obama said under 5% in the PO by 2019, the actual CBO estimate is just over 3%.

Would he quote a number in the Congressional speech that his team felt was so off the mark or will the three percent provide real competition and lower costs.

And I do not see how we are going to pay for this???

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=6704866&mesg_id=6705166

http://ssaonline.us/OACT/TRSUM/index.html

"...In 2017 and later for HI, and in 2037 and later for OASDI, there is no provision in current law that would enable full payment of benefits, once the trust funds are exhausted. If asset exhaustion actually occurred, benefits could be paid only up to the amount of ongoing dedicated revenues. Further general fund transfers could not be made to finance the deficits..."

And this comes at a time when Social Security will need to draw on the SS Trust fund, which was borrowed by the general budget.