Joe Steel
Class Warrior
ss will never be bankrupt. The deficit projected for the next 75 years is less than 2%. At worst, it will pay at least 70% of the promised benefits.
according to whom, because as i've shown you, the cbo and the trustees of social security are telling a very different story. Cite your sources.
ok.
even after 2037, social security could still pay three-fourths of scheduled benefits. Alarmists who claim that social security wont be around when todays young workers retire misunderstand (or misrepresent) the trustees projections.
The programs shortfall is relatively modest, amounting to 0.7 percent of gross domestic product (gdp) over the next 75 years (and 1.5 percent of gdp in 2083). A mix of tax increases and benefit reductions carefully crafted to shield the neediest recipients and to give ample notice to all participants could put the program on a sound footing indefinitely.
what the 2009 trustees report whows about social security