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<DIV> The problem that seems mostly ignored is that of converting
the</DIV>
<DIV>retirement trust fund assets (a collection of non tradable bonds)</DIV>
<DIV>worth over 2 trillion dollars into benefit checks to the
beneficiaries.</DIV>
<DIV>Where will the money to redeem the bonds come from when we</DIV>
<DIV>are running huge deficits?</DIV>
<DIV>Did your research find answers to the solution to this problem?</DIV>
<DIV> </DIV>
<DIV>art de armond</DIV>
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<DIV style="font-color: black"><B>From:</B> <A title=Bill@ponostyle.com
href="mailto:Bill@ponostyle.com">Bill Babcock</A> </DIV>
<DIV><B>Sent:</B> Monday, November 02, 2015 8:49 AM</DIV>
<DIV><B>To:</B> <A title=fot@autox.team.net
href="mailto:fot@autox.team.net">TeriAnn J. Wakeman</A> </DIV>
<DIV><B>Subject:</B> Re: [Fot] cams and roaches and such</DIV></DIV></DIV>
<DIV> </DIV></DIV>
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<DIV>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. </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>
<BLOCKQUOTE type="cite">
<DIV>On Nov 2, 2015, at 6:43 AM, <A
href="mailto:billdentin@aol.com">billdentin@aol.com</A> wrote:</DIV>
<DIV> </DIV>
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<DIV id=AOLMsgPart_2_ae883f36-53f9-4a3c-8883-a2191cf27945><FONT face=arial>
<DIV>From: Randall <<A
href="mailto:TR3driver@ca.rr.com">TR3driver@ca.rr.com</A>><BR>To: 'fot'
<<A href="mailto:fot@autox.team.net">fot@autox.team.net</A>><BR>Sent:
Mon, Nov 2, 2015 3:32 am<BR>Subject: Re: [Fot] cams and roaches and such</DIV>
<DIV> </DIV>
<DIV><TT>And I'll bet there are quite a few on this list that were born before
1935. <g> Randall _______________________________________________
</TT></DIV>
<DIV><TT></TT> </DIV>
<DIV><TT>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.</TT></DIV>
<DIV><TT></TT> </DIV>
<DIV><TT>I love the way Babcock's mind works, and the eclectic way he keeps it
busy. For sure I must read his book.</TT></DIV>
<DIV><TT></TT> </DIV>
<DIV><TT>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. </TT></DIV>
<DIV><TT></TT> </DIV>
<DIV><TT>'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. </TT></DIV>
<DIV><TT></TT> </DIV>
<DIV><TT>Not a pretty picture.</TT></DIV>
<DIV><TT></TT> </DIV>
<DIV><TT>Bill
Dentinger</TT></DIV></FONT></DIV></DIV></FONT>_______________________________________________<BR><A
href="mailto:fot@autox.team.net">fot@autox.team.net</A><BR><BR>http://www.fot-racing.com<BR><BR>Donate:
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