Reply #16: A ratio at which the system becomes insolvent

[DistressedAmerican]

is assumed in every one of these posts. As I noted the estimates on when exactly that happens vary. However, the latest date anyone has proposed for reaching that deficit ratio is 2050. I for one do not assume that after paying into the system for my entire career, I can rely in some theoretical worker productivity increases or economic growth to keep me from eating dog food in my sunset years if it came to that.

As far as the rate and ceiling increases you mention those are the very added burden I was discussing in my last post. Someone will have to pay more or you will have collect later. I don't see that as a great way to go.

And yes I have done research into the issue. I have spreadsheets out the wazoo here in front of me. Everyone agrees that the system will not hold up another 50 years. You are right I mis-spoke re the immediate ratio. My point was and remains the long term (and I mean that my lifetime) prospects of an unbalanced system.

Where are your numbers. What rate and ceiling adjustments do you think will keep the system a float? Help ME out.

I will look at the article in question. I have not read it. However, if the basic premise is that we are solvent into the middle of the century, that is still a crisis in my book.