General Discussion
In reply to the discussion: This 53 year old has it right.... [View all]sabrina 1
(62,325 posts)25 years and those numbers are from a period when unemployment is high and assuming things do not change for the next 25 years. And that is if we do NOTHING until then.
Even after that, under the same conditions, it will still be able to pay out approx 80% of its obligations.
But this downturn in employment is not likely to last forever, so that will extend those numbers.
In order to make it secure for the next 75 years, just a few things can be done:
1) Raise the Cap
2) Make sure people have jobs here in the US.
Anyone saying or implying in a sneaky way such as mentioning the Deficit and SS in the same sentence even if not directly telling the Big Lie, that SS had anything to do with the Deficit, is lying, period.
To deal with the Deficit these are a few things that must be done:
1) Eliminate the Bush tax cuts for the wealthy.
2) End the wars and don't start any more of them.
3) Create jobs. End unemployment.
These few things are what caused the deficit more than anything else and once again because it can't be said often enough:
SS HAD NOTHING TO DO WITH THE DEFICIT!