http://www.jubileeprosperity.com/financial-planning/baby-boomers-repent-partisan-politics-bend-uncle-sam/ Fri, 18 Jun 2010 16:27:38 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.jubileeprosperity.com/financial-planning/baby-boomers-repent-partisan-politics-bend-uncle-sam/comment-page-1/#comment-2885 Rich Tue, 09 Feb 2010 19:28:38 +0000 http://www.jubileeprosperity.com/?p=395#comment-2885 USA Today just quoted Stephen Goss, chief actuary for the Social Security Administration: "Things are a little bit worse than had been expected," he said, "Clearly, we're going to be negative for a year or two." Seems declining mandatory FICA payroll taxes, earlier retirements and 10% disability brought the day of reckoning 7 years earlier than expected. Hint: This is not inflationary, but default-driven deflation... Aloha Regards*Rich USA Today just quoted Stephen Goss, chief actuary for the Social Security Administration:
“Things are a little bit worse than had been expected,” he said, “Clearly, we’re going to be negative for a year or two.”
Seems declining mandatory FICA payroll taxes, earlier retirements and 10% disability brought the day of reckoning 7 years earlier than expected.
Hint: This is not inflationary, but default-driven deflation…
Aloha Regards*Rich

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