Reply #44: Social security is solvent to 2041 because

[Yupster]

we've been collecting much more money than we need to pay current benefits. This extra money is being built up by the tens of billions each year so that in 10 years or so when the fund begins paying out more than it takes in the difference can be made up from this trust fund. Great. That keeps us okay until 2041.

So what's the problem?

The problem is that the extra money that is being put aside and saved ^%#%^$ ain't there. It's already been spent.

All that's left in the trust fund is a bunch of government bonds which will have to be redeemed by the government at the proper time.

Of course since the government is running an infinite dfecit, it haqs no money to redeem any bonds. It's issuing billions in new bonds every month.

So, yes social security is fine until 2041 as long as the government has a few trillion dollars it can kick into the system over the next 30 years or so to redeem those bonds. -- Which it don't.