The Social Security Trust Fund has not been 'looted'.

[customerserviceguy]

90. I agree that we won't

Yet. But, have you seen with every passing year since the Great Recession started, the date at which full benefits can no longer be estimated to be paid drops by three years? At that rate, it won't be long before we're at the point of no return, and SS benefits have to be permanently chopped. That piddly two or three trillion in the Trust Fund isn't going to cover the $15 trillion in obligations the system has, and we'd have to redeem those specialized securities in some way, shape or form. Being as we won't run budget surpluses, my guess is that we're going to add them to the tab of general fund borrowing, or possibly inflate the currency.

We still have time to do a number of things, raising the cap modestly is one, but we also need another benefits "tier" to keep the maximum benefit from expanding, too. If we don't do them now, while fixes are relatively painless, we risk watching the system go bust in the very near future, as larger and larger waves of baby boomers crash into Social Security's shores.