I Love Social Security

[sabrina 1]

76. Are you aware that this has happened 8 times in the history of SS?

And are you aware that the fund has still shown a surplus despite this expected occurrence because SS has other forms of revenue? Has the Fed Gov shown any surplus?

Now you are at least revealing where the Republican lie that SS had anything to do with the deficit comes from. That's quite a stretch, blaming creditors for a debtor's inability to pay back its loans.

So you're worried about the Fed Govt having to make good on its Treasury Bonds to one of its creditors? If that is deficit spending, whose fault is that? The Govt guarantees those Treasury Bonds. Don't YOU expect when you borrow money and you guarantee that you will be able to pay it back, that one day you will have pay it back? And if you can't, do you blame the person who loaned you the money or those who stole your money?

Let those who collapsed the economy pay back the Government's debts. It was THEY who caused the deficit.

And btw, the SS Fund will continue to collect revenue. By 2023 it will double its surplus and when jobs increase and the cap is raised, those numbers from the trustees will increase, possibly by next year.

I would not worry about the fund if I were you, it is fine for the next 20 years at least and that is under the worst of circumstances, which the Trustees always use for their projections. Other projections, more realistic taking into account what they do not, a drop in unemployment, more jobs etc.

Unless you expect the current recession to last forever, the sky is not falling. Not only that, but IF that is the case, we better start worrying about more than SS. It's interesting though that SS is always the target. Been going on for 70 years The right wing projections of 'there won't be anything there in a few years' have always, always been wrong. At some point, don't the enemies of SS give up being wrong?

But if anyone seriously wants to innoculate SS against running our of money, the solution is simple. Makes you wonder why Politicians don't think of it, or if they do, why they don't suggest it. Makes you think they want the excuse to cut SS benefits, when there absolutely no need to do that at all.

Iow, even if you were right, the solution is right there under their noses. Why do YOU think they don't see it or are ignoring it?

I know what I think.

Edited to provide you with this link which should explain why you need not worry about the fund:

http://www.democraticunderground.com/10022671540#post9