[Fot] cams and roaches and such

[riverside at southslope.net]

   The problem that seems mostly ignored is that of converting the
retirement trust fund assets (a collection of non tradable bonds)
worth over 2 trillion dollars into benefit checks to the beneficiaries.
Where will the money to redeem the bonds come from when we
are running huge deficits?
Did your research find answers to the solution to this problem?

art de armond

From: Bill Babcock 
Sent: Monday, November 02, 2015 8:49 AM
To: TeriAnn J. Wakeman 
Subject: Re: [Fot] cams and roaches and such

In my research for the book I came to the odd conclusion that Social Security is doing a lot better job than I expected. Most of the popular criticism seems to be political posturing. My assumptions going in were almost completely wrong. One of the reasons I like writing about stuff I know little about. 



  On Nov 2, 2015, at 6:43 AM, billdentin at aol.com wrote:

  From: Randall <TR3driver at ca.rr.com>
  To: 'fot' <fot at autox.team.net>
  Sent: Mon, Nov 2, 2015 3:32 am
  Subject: Re: [Fot] cams and roaches and such

  And I'll bet there are quite a few on this list that were born before 1935. <g> Randall _______________________________________________ 

  NAW!  Me and those other FOT guys you're talking about just look that old.  Our sadomasochistic relationship with TRIUMPHs tends to be very wearing.

  I love the way Babcock's mind works, and the eclectic way he keeps it busy.  For sure I must read his book.

  From 1966 to 2006, when I retired, I was a Management Trustee on a billion dollar Taft-Hartley Pension fund in Milwaukee.  There is an entire industry, the Actuaries, that are available to guide Pension Funds and their investments to keep them solvent.  The fund I served on has done a good job so far, and remains solvent.  FICA (Social Security)...not so much. 

  'Social Security' is being used by our government to address all sorts of issues not related to normal retirement.  Funding has not kept up.  If they have and use Actuaries...they're ignoring them. 

  Not a pretty picture.

  Bill Dentinger
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