Jim McCusker

"I disagree, politicians have every right to write books and I for one like the fact that they put down in writing their views." - Jim McCusker

"Joe - Based on the SS Board of Trustee's statement on the website, SS will be running insolvent around 2035 at which time there will be a sustained deficit of 25%. The only solution to this 25% deficit is more taxes. Here's their exact statement: "The concepts of solvency, sustainability, and budget impact are common in discussions of Social Security, but are not well understood. Currently, the Social Security Board of Trustees projects program cost to rise by 2035 so that taxes will be enough to pay for only 75 percent of scheduled benefits. This increase in cost results from population aging, not because we are living longer, but because birth rates dropped from three to two children per woman. Importantly, this shortfall is basically stable after 2035; adjustments to taxes or benefits that offset the effects of the lower birth rate may restore solvency for the Social Security program on a sustainable basis for the foreseeable future. Finally, as Treasury debt securities (trust fund..." - Jim McCusker

"http://www.forbes.com/sites/ke..." - Jim McCusker