JoeTheEconomist
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- Sep 4, 2015
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I have always doubted the claim - in large part because so many politicians claim that it is true. I pulled out the cashflows, and found not surprisingly that Social Security is a net subsidize rather than a subsidizer of the government. Once you factor out the cost of benefits for seniors and the expense of time, there isn't enough left over to pay for the subsidies that have gone to SS. (mind you these are hard subsidies, not the soft subsidies)
Here is the longer piece with the details. Long story short, when someone tells you that we need to pay back the Trust Fund, the answer is what?
The Myth of the Missing Social Security Trust Fund : FedSmith.com
Here is the longer piece with the details. Long story short, when someone tells you that we need to pay back the Trust Fund, the answer is what?
The Myth of the Missing Social Security Trust Fund : FedSmith.com