[lightman]

Paging Chicken Little.

[Tzimisce]

I’ll be dead before that day comes, so I don’t care. :)

[GOPJ]

Money’s tight - let’s stop sending money to Ukraine.

[dfwgator]

To quote Paulie from Goodfellas, “F___ You, Pay Me!” I put a lot of money into SS over these years.

[Harpotoo]

Glad I’m under the RRB!

[PGR88]

[FlyingEagle]

Print more.

[SaveFerris]

[Very soon we will be paying more to cover the interest on that debt than we do on our national defense.]

Keep raising interest rates. People can’t quite figure this out.

Oh it will solve inflation. lol

[thinden]

Adding 30-40,000 “new arrivals” every month & assigning them a SSAN from the git go + guaranteed minimum income + heath ins (medicare/medicaid?) + room & board will help drain the social security “trust fund” faster than brandon drained the strategic petroleum reserve

[mythenjoseph]

Awesome! I’ll get 200 k before she falls! heres a thought ! STOP undermining we Americans with non Euro charges...uh Constitution Mean anything ?

[lightman]

The COVID cooties aka CoupFlu were an underachiever.

[Paladin2]

Where is assistant Demoncrat Mike Johnson?

[woodpusher]

The Social Security funds collected are put into the genreral fund, where they are indistinguishable from other deposited funds. Each month the Treasury makes a deposit into Social Security to make payments to beneficiaries. There is no fund. If the general fund runs short of money, they cannot make a payment to Social Security for the month and people would not get paid. The Social Security fund is a mirage.

https://crsreports.congress.gov/product/pdf/RL/RL33028

Social Security: The Trust Funds

Updated May 16, 2023

Congressional Research Service

RL33028

Summary

[...]

Social Security is financed by payroll taxes paid by covered workers and their employers, federal income taxes paid by some beneficiaries on a portion of their benefits, and interest income from the Social Security trust fund investments. Social Security tax revenues are invested in U.S. government securities (special issues) held by the trust funds, and these securities earn interest. The tax revenues exchanged for the U.S. government securities are deposited into the General Fund of the Treasury and are indistinguishable from revenues in the General Fund that come from other sources. Because the assets held by the trust funds are U.S. government securities, the trust fund balance represents the amount of money owed to the Social Security trust funds by the General Fund of the Treasury. Funds needed to pay Social Security benefits and administrative expenses come from the redemption or sale of U.S. government securities held by the trust funds. The Social Security trust funds represent funds dedicated to pay current and future Social Security benefits. However, it is useful to view the trust funds in two ways: (1) as an internal federal accounting concept and (2) as the accumulated holdings of the Social Security program.

By law, Social Security tax revenues must be invested in U.S. government obligations (debt instruments of the U.S. government). The accumulated holdings of U.S. government obligations are often viewed as being similar to assets held by any other trust on behalf of the beneficiaries.

However, the holdings of the Social Security trust funds differ from those of private trusts because (1) the types of investments the trust funds may hold are limited and (2) the U.S. government is both the buyer and seller of the investments.

This report covers how the Social Security program is financed and how the Social Security trust funds work. The report also covers the projected financial operations of the trust funds using data from the 2023 Annual Report of the Board of Trustees. The 2023 annual report reflects the trustees’ understanding of the OASDI program at the start of 2023 and presents projected program and financial information for a 75-year period (2023-2097).

[...]

[Chode]

Full Retirement Age raised to 72 coming up...

[faithhopecharity]

Gee, wasn’t it just last week that Biden bragged how he had saved SS, made SS solvent?

Where did all that $$ go? Straight into the corrupt DNC Biden political machine? Via son Hunter hunter Biden?

[artichokegrower]

If they cut Social Security but not public employee pensions there will be a revolution

[boomop1]

I’ll be 92 God willing, but then Jesus will have come and got us believers by then.

[Freest Republican]

It’s had one decade left for decades now.

PS there is no fund yet SSA is the largest single holder of govt bonds which every where else in the universe are regarded as a cash equivalent.

PPS for decades the avg recipient has collected far more than they ever contributed.

[inchworm]

This means tomorrow Romney calls for the new retirement age to be 95.

[DoughtyOne]

Won’t last that long the way they add people in who haven’t
worked a day in their life in the U. S.