How big is Social Security's funding shortfall?

Pioneer Press/AP ^ | 8-12-12 | Little Stevie Ohlemacher

[TurboZamboni]

and make this mandatory for gubmint employees to replace their current pensions.

[citizen]

The American voter has been forced into sleep to keep them in power. If you can see reality, you know our freedom is mostly gone with our nations wealth.

They're living the real Matrix. Give 'em the red pill.

[RedMDer]

Full speed ahead!
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[Norseman]

>>and make this mandatory for gubmint employees to replace their current pensions.<<

Oh, absolutely! All publicly-financed defined benefit plans should be prohibited by law. Get the government out of the investment business completely.

[FreedomPoster]

I stopped reading at “after Social Security drains its trust funds”.

There is no trust fund. It is a fiction. The so called “SS trust fund” is literally a file cabinet in WV (thank you Senator Byrd!) filled with IOUs that aren’t worth spit.

http://madashelland.com/?p=1199

[LTC.Ret]

I’m with you. As soon as I read the suggestion that there was something in a trust fund somewhere that hadn’t already been spent, I knew the rest was probably bogus as well!!!

[Norseman]

>>and make this mandatory for gubmint employees to replace their current pensions.<<

Oh, absolutely! All publicly-financed defined benefit plans should be prohibited by law. Get the government out of the investment business completely.

[winodog]

Here in Arizona they give children health insurance if mom and or dad are unemployed or on welfare or any other reason they use.

The biggest problem is mom/dad get health insurance as well.
Its become a permanent part of life for many. Food stamps, healthcare, side jobs, welfare and SS D.

Try to tell them it may end or hit them hard and tell them they dont deserve it and watch the self righteous fireworks

[conservatism_IS_compassion]

There is no trust fund. It is a fiction. The so called “SS trust fund” is literally a file cabinet in WV (thank you Senator Byrd!) filled with IOUs that aren’t worth spit.

There is a Trust Fund; it’s invested in “safe government bonds.” So when the Treasury writes the social security check, it bills the Social Security Trust Fund - and that fund produces a bond which is a valid obligation of the Treasury itself. So instead of taking the money out of the right pocket, Treasury takes it out of the left pocket - but it still comes out of the Treasury either way, same difference.

The SSTF exists, but it is nothing more than a record of money the government doesn’t have.

A lot like “altitude above you, runway behind you, or fuel used” - the "three most useless things" to an aviator.