General Discussion
In reply to the discussion: Repeat after me - benefit. Ben-e-fit. Benefit. Social Security is a BENEFIT. [View all]sabrina 1
(62,325 posts)decades, since the Reagan years, were paying for their own benefits as well as those of their grandparents. And young people today are much better informed about the BIG LIE being told about SS. They no longer have to depend on the MSM to get their news, in fact most young people get their news from independent sources.
And you are wrong about the fund being gone. Why are you perpetuating that falsehood here?
SS is solvent and can pay all of its obligations without anyone doing anything at all for the next 25 years at least, and that is based on the current bad economy and high unemployment. After that if NOTHING is done, it can still pay at least 75% of its obligations, assuming the economy never recovers.
SS has three sources of income and even over the past several years with less tax revenue, it STILL had a surplus and when the economy improves that 25 year figure will change for the better.
To ensure that it can continue to pay full benefits for the next 75 years all that is needed is to raise the cap and of course, reduce unemployment.
SS is NOT in trouble, SS has zero to do with the deficit, SS is a separate fund, SS has a surplus of over two trillion dollars, and don't bother telling me that it has been borrowed and is all gone. That is pure BS.
The SS fund is a creditor of the Fed Gov just like China yet we do not hear anyone say that the Fed Gov will default on China, and they will not default on SS either, for all the reasons they will not default on any of its other creditors. If it ever did that, we would way more to worry about than benefits. So please refrain from trying to sell this nonsense here. People are far more informed today than they ever were and are not going to buy these false statements. Ask George Bush what happened when he tried to sell the same nonsense 7 years ago.