NYcarbineer
Diamond Member
So, what if the U.S. can't pay back the debt owed SS... ever consider that? WTF is $2T of IOU's actually worth if the guarantor is already $16T in debt and climbing?
Use your head for once.
The US doesn't have to pay the 3 trillion back. That is one of the big myths on this subject. the trust fund is invested money, like you would invest your retirement funds. you live off the interest generated you don't draw down the principal. that's why SS only needs to be adjusted,
to at least keep annual outflow equal to or less than incoming payroll taxes plus earned interest.
That only works if you don't understand math.
My MATH in the above statement says that Social Security only needs to be adjusted to keep outflows at or below the level of income.
NOW, you tell me what is wrong with that math?