General Discussion
In reply to the discussion: I Love Social Security [View all]sabrina 1
(62,325 posts)2033 is 20 years from now, and that is based on the current bad economy. My numbers are correct. Other projections from reliable sources are into the '40s, but I generally go with the worst scenario which is the annual trustee report. And as you can see, we don't have to worry about SS paying out all of its obligations for at least 20 years and THAT is under the most dire conditions so is not to be taken as fact.
All that is required for the fund to extend for another 75 years at least, and by some projections, 100 years, is to raise the cap so that people earning over approx $110,000 are contributing to the fund. And no more 'tax holidays'. Make the wealthy pay their fair share.
You provided information from a Republican. If SS contributed to the deficit, then please either explain how that came to be, or admit that this is a Republican lie.
Since SS did not contribute to the deficit, why is it part of these discussions?
You also ignored the fact that SS is paid for by the people and is not part of Govt Expenses. You have not explained why you think it costs the Government anything.