General Discussion
In reply to the discussion: This 53 year old has it right.... [View all]sabrina 1
(62,325 posts)SS is not in any danger of being able to meet its obligations 100% for the next 25 years without anything being done about it.
You need to start doing some research instead of listening to the big lie being told by Right Wing Think Tanks and their surrogates, such as Fox and Limbaugh et al.
And if the economy improves during the next 25 years, SS will be safe for even longer as these numbers are based on the current economy and unemployment rates.
The SS fund has over 2 trillion dollars in it, saved by the American people. And don't bother telling me there is nothing left in the fund. The fund is in Treasury Bonds which the US has never defaulted on. It also has two other sources of revenue.
To extend it's fiscal security at its current successful projections, for 75 years, all that needs to be done is:
1)Raise the Cap so that more people are paying into it and
2) Create jobs and keep unemployment low
Please stop buying into right wing propaganda about the SS fund. It is known now as the Big Lie designed to scare the public into agreeing to privatize those trillions of dollars and allow THEM to gamble with them on Wall Street. We all know what happened to people's Pension Funds when the allowed them to be placed in the Wall Street Casino.