Quote:
Originally Posted by L-Pink
Yes, I'm in favor of taking steps to make sure the entire system doesn't go bankrupt next year.
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Where did you hear the entire system will go bankrupt next year?
Here are the facts....
Social Security has $2.73 Trillion in trust fund reserves.
Social Security reserves are still growing and will continue to grow through 2020.
Beginning in 2021, program costs are projected to exceed income, shrinking the trust funds.
The trust funds will be exhausted in 2033, the same year projected in the 2012 report.
After 2033, income will cover 77% of scheduled payments.
Exposing the Social Security solvency hype - MarketWatch