Just the fact that any republican is speaking about this shows that the party does not want to win. SS is not broke. In our printing press country they can certainly pay out SS even through the one decade where its expected to go red. After that the boomers will sufficiently be dying off, and the next generation (X) is so small that SS will be fine with the current rules. The oldest Boomers are turning 80 in 2025. The Boomer generation is quickly melting away now. If we can fund the Ukraine war and hand thousands of dollars to everyone during COVID we can certainly fund SSN through a few tough years.
But Social Security has trillions of unfunded liabilities, even with the current rules, and even considering that baby boomers will be dying off in decades ahead. So there’s that.
And we paid trillions in covid benefits with borrowed money. So you can do anything financially if you just add it to the national debt. It’s not like we have trillions of dollars sitting in the federal treasury that can be spent however politicians want to spend it.
exactly.