Quote:
Originally posted by Scooter92
Sam, I really don't want to get between you and len, but you just lost your own argument.
If Bankrupt = insolvent, insolvent = bankrupt, and insolvent = unable to pay one's debt; and
SS can't afford to pay 100% of its own debt at some point in the future; then
SS will be insovent, which = bankrupt.
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Sorry Scooter, I've just been trying to say if you can pay some of your bills some of the time, you can string most creditors along for a fairly long time. It seems to work for a large part of the US population on a regular basis.
But then, we are not talking about people paying their bills. This is a payment from a Federal Agency for a program US consumers are paying into that is backed by the full faith and credit of the US Government. Looks like to me, if Mr. Bush thinks SS will be broke by 2041, so will the government.
So is the government broke too?