General Discussion
In reply to the discussion: "I live on $710.00 a month, what exactly am I supposed to cut?" [View all]TomClash
(11,344 posts)Here are a two groups you may want to believe:
http://www.press.uchicago.edu/Misc/Chicago/035468.html
http://www.nasi.org/sites/default/files/research/What_Do_Americans_Want.pdf
Of course, Cato and Heritage love Chained CPI.
OADSI has assets of about $2.5 trillion, which you can find in the very same publication you cited, the Trustees Report for 2012. That money was lent to Treasury years ago to pay for . . . tax cuts for the rich! Even assuming the gloomy, conservative scenario of that report, with unprecedented slow economic growth forever, it would take at least twent-five years to draw down the assets lent to Treasury if we did nothing over the next 25 years or so.
Social Security is popular because it is universal. We all pay and we all receive. Its funds were segregated and it represented a contract between the American People and their Government. People have fucked with it because they want to destroy it,co-mingling funds, borrowing trillions, trying to reduce benefits and so on. Those people are called Republicans.