General Discussion
In reply to the discussion: Social Security is a fund that workers have paid into and not everyone lives to collect but it is [View all]HiPointDem
(20,729 posts)losing value to inflation in money market funds.
"Every year, the Trustees of the Social Security Trust Fund tell us that the date at which full benefits can be paid two has receded by two years."
this is completely false, did you just make it up?
Date of expected trust fund exhaustion under the intermediate assumptions, per SS Trustees' reports for each year:
1991: 2041
1992: 2036
1993: 2036
1994: 2029
1995: 2031
1996: 2029
1997: 2029
1998: 2032
1999: 2034
2000: 2037
2001: 2038
2002: 2041
2003: 2042
2004: 2042
2005: 2041
2006: 2040
2007: 2041
2008: 2041
2009: 2037
2010: 2037
2011: 2036
2012: 2033
http://www.socialsecurity.gov/OACT/TR/index.html
This year's report dropped the expected date of trust fund exhaustion (intermediate forecast, there are two others as well, one more optimistic & one more pessimistic) basically because of the continuing shitty economy.
If the economy was better next year, it affects the assumptions which affect the forecast -- just as the forecasts of the early clinton years were low (lower than this year's) because of the impact of the clinton recession on the assumptions.
At any rate, your claim that every year the forecast drops two years is utter bullshit.
And the variance in the Trustees' predictions should give you a clue that those forecasts aren't set in stone, and are dependent on current economic conditions and the assumptions the trustees choose to use in making their forecasts.