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2021-09-06 -Signs, Portents, and the Weather-

Social Security won't be able to pay full benefits by 2034

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Posted by Ebbomoger Speaking for Boskone4589 2021-09-06 00:00|| || Front Page|| [11126 views ] Top

#1 By 2034 I won't care.

Posted by Skidmark 2021-09-06 06:16|| 2021-09-06 06:16|| Front Page Top

#2 There is no 'trust fund'. It's a tax. Period. That's the rationale SCOTUS accepted from the FDR administration in ruling on the constitutionality of the program. Everything else is accounting games. As long as the government owns the printing presses, it'll continue to pour out money.

Posted by Procopius2k 2021-09-06 06:33|| 2021-09-06 06:33|| Front Page Top

#3 Of course that's the same government that keeps minting pennies at the cost of a dollar to make 42.

Posted by Procopius2k 2021-09-06 06:34|| 2021-09-06 06:34|| Front Page Top

#4 Of course that's the same government that keeps minting pennies at the cost of a dollar to make 42.

Well, after all, 42 is the answer to Life, the Universe and Everything..

Posted by Warthog 2021-09-06 07:00|| 2021-09-06 07:00|| Front Page Top

#5 Only the US Gov't could manage to fok up a mandatory insurance program.

Posted by Besoeker 2021-09-06 07:10|| 2021-09-06 07:10|| Front Page Top

#6 if anyone in the private sector created a ponzi scheme like social security, they would long ago be in club fed, breaking big rocks into small rocks

Posted by Retard Strength 2021-09-06 07:50|| 2021-09-06 07:50|| Front Page Top

#7 The topper was when Bill Clinton decided that Social Security benefits really should be taxed.

Posted by Besoeker 2021-09-06 07:56|| 2021-09-06 07:56|| Front Page Top

#8
Remember everyone, It is called a TRUST FUND for a reason.

We foolishly trusted DC-Congress to properly manage the funds.

What was once a Retirement focused fund has now a collection of coverage's.

Maybe adjusting the SSA Wage Tax Cap from $142,800 to $250k or higher might stall its doom for a while.

But getting politicians out of the SSA fund handling and coverage for votes would be a best.

Posted by NN2N1 2021-09-06 08:00|| 2021-09-06 08:00|| Front Page Top

#9 ..got to remember the Donks named it like so many other of their Acts that were the actual opposite of what was implemented. BTW why would anyone 'trust' the government - even its currency says 'In God We Trust', they know better XD

Posted by Procopius2k 2021-09-06 08:54|| 2021-09-06 08:54|| Front Page Top

#10 I guess we need more covid...

Posted by Glenmore 2021-09-06 11:23|| 2021-09-06 11:23|| Front Page Top

#11 Even forced participation Ponzi schemes eventually fail.

Posted by Airandee 2021-09-06 11:58|| 2021-09-06 11:58|| Front Page Top

#12 So it's crap until 2034, and then the crap dries up.

Posted by ed in texas 2021-09-06 12:19|| 2021-09-06 12:19|| Front Page Top

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