Social Security Cash Negative
An excellent article, by Allan Sloan, of Fortune states that the next bailout will be Social Security. The article, Next in Line For a Bailout: Social Security, states
Social Security hasn’t been cash-negative since the early 1980s, when it came so close to running out of money that it was making plans to stop sending out benefit checks. That led to the famous Greenspan Commission report, which recommended trimming benefits and raising taxes, which Congress did. Those actions produced hefty cash surpluses, which until this year have helped finance the rest of the government.
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This blog is devoted to intellectual property innovation, patent law and innovation. The moderator, editor, and main 
author is Dale B. Halling. Mr. Halling is patent attorney and entrepreneur. As a patent attorney, Mr. Halling, has represented numerous Fortune 500 companies including, McDonnell Douglas, Boeing, Motorola, Ameritech, SBC, MCI, Cypress, and numerous technology start-ups. He has helped his clients obtain patents worldwide. Mr. Halling has a BS in Electrical Engineering from Kansas State University, an MS in Physics from the University of Texas at Dallas and a JD from St. Louis University. Mr. Halling is the author of the book “The Decline and Fall of the American Entrepreneur: How Little Known Laws are Killing Innovation.”
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Dale,
How does the government bail itself out?
Kevin
Comment by khalling | February 5, 2010 |
Kevin,
The answer is probably a combination of things. However, any solution has to include getting our economy to start growing again. Great Britian and Chile have both found ways to ease the burden of government retirement programs by providing their citizens with options on where to invest their retirement dollars.
Comment by dbhalling | February 7, 2010 |