Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The social security trust fund is projected to become exhausted in 2034, 18 years from now, if no legislation changes the program. After that point, it will only be able to pay around three-fourths of promised benefits. How do we go about fixing it? I am not interested in debating whether or not social security should exist, that is a separate poll if you want to make it, so by answering you are agreeing to the basic premise that social security should be saved at all.
The social security trust fund was always designed to run out of money. Social Security is a pay as you go system, but the baby boomers were going to put a strain on it so the Trust Fund was set up to pay the bulge in retirement benefits associated with baby boomers. When it is exhausted we just go back to the original system. Easy Peasy.
The social security trust fund was always designed to run out of money. Social Security is a pay as you go system, but the baby boomers were going to put a strain on it so the Trust Fund was set up to pay the bulge in retirement benefits associated with baby boomers. When it is exhausted we just go back to the original system. Easy Peasy.
Eh. I disagree. Social security will be an increasing percentage of federal outlays for the foreseeable future. It does need a trust fund. And said trust fund will deplete while plenty of boomers are still drawing benefits if nothing changes.
I do think SS needs to be sustainable outside of the normal budget, which is rife with insanity.
But there is a max payout. So with a max payout why would we require some rich tax payers to pay five or six times more just to get the same max payout?
Social security is not an entitlement program because every worker pays into it throughout their lives. Then they get money back ( at a much higher return) whether they pass a means test or not.
** props to the poll for allowing multiple solutions**
Scrap the cap. A big reason for the lack of funds is because of the massive transfer of wealth from the middle to the top. And the top dont pay it.
Today the cap is 118k. This is absurd. Make everyone pay the same rate, but benefits should have a max cap.
"And the top dont pay it."
You are consistent.
ANOTHER claim you have made with NOTHING to back it up!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Raising caps not the answer
