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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=20
Sent: Monday, November 02, 2015 8:49 AM
To: TeriAnn J. Wakeman=20
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.=20
On Nov 2, 2015, at 6:43 AM, billdentin@aol.com wrote:
From: Randall <TR3driver@ca.rr.com>
To: 'fot' <fot@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 _______________________________________________=20
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.=20
'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.=20
Not a pretty picture.
Bill Dentinger
_______________________________________________
fot@autox.team.net
http://www.fot-racing.com
Donate: http://www.team.net/donate.html
Archive: http://www.team.net/archive
Forums: http://www.team.net/forums
Unsubscribe/Manage: =
http://autox.team.net/mailman/options/fot/bill@ponostyle.com
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_______________________________________________
fot@autox.team.net
http://www.fot-racing.com
Archive: http://www.team.net/archive
http://autox.team.net/mailman/options/fot/riverside@southslope.net
-------------------------------------------------------------------------=
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No virus found in this message.
Checked by AVG - www.avg.com
Version: 2016.0.7163 / Virus Database: 4457/10934 - Release Date: =
11/02/15
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<HTML><HEAD>
<META content=3D"text/html charset=3Dus-ascii" =
http-equiv=3DContent-Type></HEAD>
<BODY=20
style=3D"WORD-WRAP: break-word; -webkit-nbsp-mode: space; =
-webkit-line-break: after-white-space"=20
dir=3Dltr>
<DIV dir=3Dltr>
<DIV style=3D"FONT-SIZE: 12pt; FONT-FAMILY: 'Calibri'; COLOR: #000000">
<DIV> The problem that seems mostly ignored is that of =
converting=20
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=20
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>
<DIV=20
style=3D'FONT-SIZE: small; TEXT-DECORATION: none; FONT-FAMILY: =
"Calibri"; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; =
DISPLAY: inline'>
<DIV style=3D"FONT: 10pt tahoma">
<DIV> </DIV>
<DIV style=3D"BACKGROUND: #f5f5f5">
<DIV style=3D"font-color: black"><B>From:</B> <A =
title=3DBill@ponostyle.com=20
href=3D"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=3Dfot@autox.team.net=20
href=3D"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>
<DIV=20
style=3D'FONT-SIZE: small; TEXT-DECORATION: none; FONT-FAMILY: =
"Calibri"; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; =
DISPLAY: inline'>
<DIV>In my research for the book I came to the odd conclusion that =
Social=20
Security is doing a lot better job than I expected. Most of the popular=20
criticism seems to be political posturing. My assumptions going in were =
almost=20
completely wrong. One of the reasons I like writing about stuff I know =
little=20
about. </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>
<BLOCKQUOTE type=3D"cite">
<DIV>On Nov 2, 2015, at 6:43 AM, <A=20
href=3D"mailto:billdentin@aol.com";>billdentin@aol.com</A> wrote:</DIV>
<DIV> </DIV>
<DIV><FONT size=3D2 face=3Darial>
<DIV style=3D"FONT-SIZE: 10pt; FONT-FAMILY: arial, helvetica">
<DIV id=3DAOLMsgPart_2_ae883f36-53f9-4a3c-8883-a2191cf27945><FONT =
face=3Darial>
<DIV>From: Randall <<A=20
href=3D"mailto:TR3driver@ca.rr.com";>TR3driver@ca.rr.com</A>><BR>To: =
'fot'=20
<<A =
href=3D"mailto:fot@autox.team.net";>fot@autox.team.net</A>><BR>Sent:=20
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=20
1935. <g> Randall =
_______________________________________________=20
</TT></DIV>
<DIV><TT></TT> </DIV>
<DIV><TT>NAW! Me and those other FOT guys you're talking about =
just look=20
that old. Our sadomasochistic relationship with TRIUMPHs tends =
to be=20
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=20
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=20
billion dollar Taft-Hartley Pension fund in Milwaukee. There is =
an=20
entire industry, the Actuaries, that are available to guide Pension =
Funds and=20
their investments to keep them solvent. The fund I served on has =
done a=20
good job so far, and remains solvent. FICA (Social =
Security)...not so=20
much. </TT></DIV>
<DIV><TT></TT> </DIV>
<DIV><TT>'Social Security' is being used by our government to address =
all=20
sorts of issues not related to normal retirement. Funding has =
not kept=20
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=20
=
Dentinger</TT></DIV></FONT></DIV></DIV></FONT>___________________________=
____________________<BR><A=20
=
href=3D"mailto:fot@autox.team.net";>fot@autox.team.net</A><BR><BR>http://w=
ww.fot-racing.com<BR><BR>Donate:=20
http://www.team.net/donate.html<BR>Archive:=20
http://www.team.net/archive<BR>Forums:=20
http://www.team.net/forums<BR>Unsubscribe/Manage:=20
=
http://autox.team.net/mailman/options/fot/bill@ponostyle.com<BR><BR><BR><=
/DIV></BLOCKQUOTE></DIV><BR>
<P>
<HR>
_______________________________________________<BR>fot@autox.team.net<BR>=
<BR>http://www.fot-racing.com<BR><BR>Donate:=20
http://www.team.net/forums<BR>Unsubscribe/Manage:=20
http://autox.team.net/mailman/options/fot/riverside@southslope.net<BR><BR=
><BR>
<P>
<HR>
<A></A>
<P align=3Dleft color=3D"#000000" avgcert??>No virus found in this=20
message.<BR>Checked by AVG - <A=20
href=3D"http://www.avg.com";>www.avg.com</A><BR>Version: 2016.0.7163 / =
Virus=20
Database: 4457/10934 - Release Date:=20
11/02/15</P></DIV></DIV></DIV></BODY></HTML>
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_______________________________________________
fot@autox.team.net
http://www.fot-racing.com
Archive: http://www.team.net/archive
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