[[SS is a pay as you go system. The 2041 or 2037 dates are when the last IOUs from the SS Trust Fund are cashed in using money from the General Fund. The system is unsustainable unless you raise taxes or cut benefits or both.]]
Andby the way- the more cuts are made, the more peopel will be FORCED to go back to work (those hwo currently are not working and probably should be ie: a lot on Medicaid, soem retirees who are stil lfit etc), forced to pay into the system, the more $$ SS will have again- it’s an equalizing system- right now, many don’t really have to work, and so don’t, but when times get tough, they iwll be forced to work, and paying back into the system.
SS was set up both as a system to help those who retire, AND to help the needy who for various reasons truly can’t work- the problem is that a lot of people milk the system, claiming dissability, who have no right being on it, which also drains the system- however, had congress kept htier greedy fingers out of the till, we would have had a sustainable system that covered even those deadbeats who could but refused to work- again, the system itself isn’t broken, and is a good system that TRULY does help those who need it, and is somethign I htink most citizens don’t mind paying into to ensue those hwo can’t work are helped-
But whatever- doesn’t nmatter what we say or htink- Congress has their eyes on the $$ and they aren’t goign to stop until they get it one way or another
Nonsense. Even if more people go back to work, that will be more than offset by the doubling of our senior population in the next 20 years and the fact that people are living longer. And inflation will increase benefits payed and hyperinflation will drive costs thru the roof. SS is not an "equalizing system." We have increased the tax rate more than 40 times since the system started in 1937 and have raised the earnings cap every year. Benefits are not tied directly to revenue. They are distinctly separate.