guess what....

[Daniel Stasinski]

>  not only that, they routinely borrow against Social Security to fund
> other things. -jmz

Not so much borrowed, it is just pumped directly into the general fund
as it arrives.   There is no box-o-fica-money out there.   The reason
why this worked so well is that when it was started, the average
person died within 18 months of retirement.  There was supposed to be
tons of excess money.   The problem is that health has improved,
people lived far longer and now take out far more than they ever put
in, and the result is that current tax payers are paying out for the
older people and it takes many current tax payers to pay for each
individual recipient.   No matter what the rhetoric is,
mathematically, this is not sustainable.

Daniel

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