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re: If social security is doing so great why do we now need myRA?

Posted on 12/28/14 at 3:40 pm to
Posted by SpidermanTUba
my house
Member since May 2004
36129 posts
Posted on 12/28/14 at 3:40 pm to
quote:

You should have read the link I provided.


You should have read the post of mine you were replying to a little more carefully.

quote:


You're claim will not be correct until 2033 when the "trust fund" will start eating into principle balances to cover current expenses.


My claim never had anything to do with whether or not the trust fund is eating into principal balances now, in the past, or in the future. It is a mystery to me how you came to believe that. My claim was merely that most of the benefits currently paid are covered by current SS tax receipts - which I have amply shown to be a true statement (see my last post addressed to you, the second to last above). You appear to be as senile as Zach.

This post was edited on 12/28/14 at 3:43 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
57455 posts
Posted on 12/28/14 at 3:47 pm to
quote:

My claim never had anything to do with whether or not the trust fund is eating into principal balances now, in the past, or in the future. It is a mystery to me how you came to believe that.
I'm unsurprised you can't comprehend simple NPV.
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