General Discussion
In reply to the discussion: I Love Social Security [View all]sabrina 1
(62,325 posts)and the fund has three sources of income meaning that the fund is constantly being replenished. Due to the criminals on Wall St crashing the economy the loss of jobs has affected everything, including the revenue of one of SS's resources. However, despite that, the fund has still shown a surplus every single year even in the worst of times and has paid and will be able to pay all of its obligations, even if this recession never improved, and no one did anything about it, for at least the next 20 years or so.
That of course is the very worst case scenario which we know is not a good projection, but for you sake, I went with the worst case scenario.
SS has not come even close to being 'diagnosed with cancer'.
What you avoided answering were my very simple questions.
I'll try again.
We the people were forced to loan the Fed Govt (who should run THAT budget the same way we run the SS fund btw and they wouldn't be in trouble right now) so they could pay for their hobbies, wars, handouts to Wall St crooks etc etc. That loan is currently in US Treasury Bonds backed by the full faith and credit of the US Govt. Same as China, Japan etc.
Now, YOU had the temerity to blame all that corrupt spending, NOT on the creditors, but on the debtors who actually spent the money.
Do you see how ridiculous that is? Since you didn't address my questions, I imagine you do.
Anyhow, the question is simple. How on earth does 'cutting benefits' help pay off the deficit??
Please address that question. You have gone around in circles but you have not addressed the central question everyone is asking.
How will cutting SS help reduce the deficit, UNLESS they intend to steal that money and put it in ANOTHER fund, iow, the Fed Gov fund?? Surely you would not support that?