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<blockquote data-quote="bacha29" data-source="post: 4178788" data-attributes="member: 58386"><p>Right as in 2 trillion dollars and this estimate was the one set forth at the time of the proposed privatization of SS by Bush in 2005 and in the years since that estimate has been moved up to as high as 10.4 trillion to cover the huge benefit gap. The proposal lost the support of Bush's own party when it was faced with the prospect of heavy borrowing to close the gap. Looking today at an end of the current fiscal year deficit of 960 billion and a projected 1 trillion dollar deficit next year there's little support for privatization on the horizon or talk of a plan as radical as the one proposed in 2005.</p><p></p><p>In addition Bud, right now the 2020 election rides entirely on Trump's ability to reach a deal with the Chinese, one that is enforceable and creates the benefits for the US he said it will produce. If he doesn't have that deal and the benefits begin to be seen by the American public in the next 8-10 months he will almost certainly have a much harder time getting the nomination let alone getting reelected.</p></blockquote><p></p>
[QUOTE="bacha29, post: 4178788, member: 58386"] Right as in 2 trillion dollars and this estimate was the one set forth at the time of the proposed privatization of SS by Bush in 2005 and in the years since that estimate has been moved up to as high as 10.4 trillion to cover the huge benefit gap. The proposal lost the support of Bush's own party when it was faced with the prospect of heavy borrowing to close the gap. Looking today at an end of the current fiscal year deficit of 960 billion and a projected 1 trillion dollar deficit next year there's little support for privatization on the horizon or talk of a plan as radical as the one proposed in 2005. In addition Bud, right now the 2020 election rides entirely on Trump's ability to reach a deal with the Chinese, one that is enforceable and creates the benefits for the US he said it will produce. If he doesn't have that deal and the benefits begin to be seen by the American public in the next 8-10 months he will almost certainly have a much harder time getting the nomination let alone getting reelected. [/QUOTE]
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