[lbo-talk] Question about Social Security

[Joel Wendland]

>B. wrote:
>
>>I remember seeing a statistic, on the list I believe,
>>that said that Soc. Security was projected to be
>>solvent until the late 2040s - early 2050s. What is
>>this stat, what is the source, URL, etc.? Is it from
>>the Congressional Budget Office itself?
>
>All the SS stats come from the annual reports of the system's trustees, 
>available at <http://www.ssa.gov/OACT/TR/>. The latest projected date of 
>reserve exhaustion is 2042. See the summary of the 2004 report at 
><http://www.ssa.gov/OACT/TRSUM/trsummary.html>.
>
>Doug

Isn't reserve exhaustion different from "solvent"? Aren't the assets of the 
TF good into infinity (or until capitalism collapses)?

Joel