I think we start drawing against the surplus in less than 10 years and under current projections the surplus should last till 2060 or so.
But that surplus has to be paid back out of general funds.
That is gonna hurt.
But what does it matter the USA will fail before 2060 anyway.
And the world is supposed to end in 2012.
Well, hopefully the Obama Era will end in 2012.
It's important to note that in 1945, there were 42 taxpayers per beneficiary - we are now around 3:1. Unless we have a population explosion caused by increased birth rates per adult woman (highly unlikely), that ratio is projected to fall to 2.2:1 in 20 years.
Essentially, every taxpayer will be supporting two old people. In past generations, we'd be taking care of our own parents. Instead, we'll be taking care two strangers who have virtually enslaved us via the big hand of government.
In 20 years the surplus plus what is being paid in will support the seniors.
so I guess we need to encourage babies and medical care and education for them so they get good jobs and pay in more to SS?
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