From: John Conover <john@email.johncon.com>
Subject: Social Security Insolvency
Date: Wed, 16 Mar 2005 22:24:22 -0800
The arguments of whether Social Security will be insolvent by 2042, or
not, depends on the assumptions and extrapolations used for the
projections of the US GDP 27 years into the future. Pessimistic
assumptions lead to premature failure; optimistic assumptions lead to
eternal solvency.
Unfortunately, no one really knows what the US GDP will be 27 years
from now.
However, we can analyze the probabilities of what the GDP will be 27
years from now quite accurately:
http://www.johncon.com/john/correspondence/020508170137.5425.html#appendixVI
John
--
John Conover, john@email.johncon.com, http://www.johncon.com/