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)"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."
Yet if you look at the list of dates the Trustees have forecast the TF will be exhausted, there is no such sequence of "every 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
And the fact that the same thing happened in the Clinton recession should give you a hint at how stupid such grandiose claims based on this one statistic are.
No, the drop from 2041 doesn't mean any more to me than the drop from 2041 to 2029 did between 1991 and 1994. Or the jump from 2029 in 1997 to 2041 in 2002.
Because I know how the numbers are calculated, the kinds of (often dubious) assumptions it's based on, I know that there are three sets of forecasts & this intermediate forecast is only one (& not the most historically accurate one), & I know why they started putting out this report in this fashion in the first place (political fuel for the move to privatize SS).
I don't mean to be rude, but it's clear from what you write that you haven't looked beyond the hyped-up news flashes designed to push americans into agreeing that "something must be done, we must make sacrifices".
bullshit. the banks got bailout money created out of thin air, but according to you to repay SS we must borrow from china.
bullshit, a million times bullshit.