General Discussion
In reply to the discussion: Question: how would you feel if they raised the minimum age of Social Security or Medicare? [View all]sabrina 1
(62,325 posts)The only way it won't be there in 15 years is if we let them do what they plan to do.
SS right now is good for the next 25 years, without doing a thing. It can meet all of its obligations with nothing at all being done.
And those numbers are based on the current bad economy and high unemployment rate. If the economy improves the numbers are even better.
Also, SS has had a surplus throughout this recession every single year no matter what the UE rate was. It has more than one source of revenue btw.
If just a few things happen now, end the wars, end the Bush tax cuts for the wealthy, create jobs and raise the cap on SS, the fund will continue to grow and SS will be good for the next 100 years.
Even without doing all of that, the SS fund will double by 2023. That means it will have a surplus of over 4 trillion dollars. That is why it will be able to meet its obligations 100% for the next 25 years (which means you will definitely not lose out UNLESS we allow the Anti SS crowd like Simpson/Bowles and their rich friends to go anywhere near it.