Soggy in NOLA
Diamond Member
- Jul 31, 2009
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the point I am making is, SS is a pension fund, and as such, a trust fund. As such, it should be self-sufficient. The payments into the trust fund should be generating enough revenue to cover the costs and the outflows.
But.. it ain't because SS receipts have been used for decades to finance deficit spending.
"It ain't" only because you have decided that government bonds are "worthless". By your standard, virtually every pension fund in this country is "bankrupt".
You'd better do some reading on the subject of "Unfunded Pension Liabilities".