WestparkRenter_IHB
New member
[quote author="WINEX" date=1225003185][quote author="WestparkRenter" date=1225001807][quote author="WINEX" date="1224918930
Apparently the subject is too far over your head.
Social Security doesn't have a trust fund. Benefits are paid out from current receipts. Anything left over is borrowed by Congress and doesn't officially appear on the budget deficit. Because of retirements of the Baby Boom generation and the smaller pool of workers that will be supporting them, excess Social Security receipts will disappear within the next 10 years. At that point in time, paying out Social Security payments will increase the budget deficit.
Don't expect it to last. Ponzi schemes always collapse.</blockquote>
</blockquote>
I know we will run out of trust fund. Any idiot who is alive and working in the last 30 years know that, do you? But even with the current pays as you go scheme we get 70% of what we should be entitled for . My coworkers and I worked on this as our final project for a risk management class. They are closer to 60's so they spend more time and understanding this issue more than you know. And please stop the rhetoric, it sounds like it's over your head because you can't argue clearly without throwing insults.
Apparently the subject is too far over your head.
Social Security doesn't have a trust fund. Benefits are paid out from current receipts. Anything left over is borrowed by Congress and doesn't officially appear on the budget deficit. Because of retirements of the Baby Boom generation and the smaller pool of workers that will be supporting them, excess Social Security receipts will disappear within the next 10 years. At that point in time, paying out Social Security payments will increase the budget deficit.
Don't expect it to last. Ponzi schemes always collapse.</blockquote>
</blockquote>
I know we will run out of trust fund. Any idiot who is alive and working in the last 30 years know that, do you? But even with the current pays as you go scheme we get 70% of what we should be entitled for . My coworkers and I worked on this as our final project for a risk management class. They are closer to 60's so they spend more time and understanding this issue more than you know. And please stop the rhetoric, it sounds like it's over your head because you can't argue clearly without throwing insults.