General Discussion
In reply to the discussion: How I feel about President Obama [View all]BlueCaliDem
(15,438 posts)shows, that by 2033 - that's just than twenty years from now! - social security will be DEPLETED, and benefits will face an automatic CUT of 25%. Read that again. Twenty FIVE percent CUT.
http://www.ssa.gov/oact/TRSUM/index.html
Now, for those currently receiving S.S. benefits, that might not be such a big whoop and they might not give a shiite, but for me who still has more than twenty-five years to go, that's a HUGE deal. Or should we just wait, hope and pray, that things will change? Wasn't it in, 2005, when Bush was president that SSA was solvent and fine until 2041? Look what happened. It's now shortened to 2033. God only knows if even that will get shortened, judging by the GOP's reluctance to do anything to pass a jobs bill.
We are losing time and we need to fix this now. If not now, when? 2033?