[Fot] cams and roaches and such

[Bill Babcock]

Not likely, we’ve bumped squarely into the end of my current knowledge. I did read this, and it made some sense to me, though the reasoning seems circular: https://www.ssa.gov/policy/docs/ssb/v75n1/v75n1p1.html <https://www.ssa.gov/policy/docs/ssb/v75n1/v75n1p1.html>

But yes, the FOT doesn’t seem like the place to have this discussion. 

> On Nov 2, 2015, at 3:26 PM, John Hasty <jhasty at mhc-law.com> wrote:
> 
> Watch out you guys, you're getting very close to what some of our members will call political commentary.  Having been called on the carpet from some of my , now, Midwest friends for comments on what  one of our political parties have done,  I advise you choose your words very carefully lest the raft fall upon you as well!
> Sent from my iPhone
> 
> On Nov 2, 2015, at 3:27 PM, "riverside at southslope.net<mailto:riverside at southslope.net>" <riverside at southslope.net<mailto:riverside at southslope.net>> wrote:
> 
>   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<mailto:Bill at ponostyle.com>
> Sent: Monday, November 02, 2015 8:49 AM
> To: TeriAnn J. Wakeman<mailto:fot at autox.team.net>
> 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<mailto:billdentin at aol.com> wrote:
> 
> From: Randall <TR3driver at ca.rr.com<mailto:TR3driver at ca.rr.com>>
> To: 'fot' <fot at autox.team.net<mailto: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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