Huh? At current revenue and spending rates SS is 'solvent' for ~20 years. And by then the boomers will be parting this mortal coil in large numbers, and the Millenials (more numerous than the boomers) will be hitting prime earning years...no real problems that can't be fixed by tweaks.
Social Security
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About the worst thing that can happen to SS is benefits get reduced. Govt claims if nothing done they can still pay 75% of current benefits for decades to come. A worse problem is the Govt is now borrowing money to pay back the SS trust fund all the IOUs that it has been raiding all these years. How long can that go on? I guess until the printing press breaks down.
How about everyone starts paying into the system with no "pass" at some arbitrarily set earnings level? what a concept.
I don't have kids but I'm embarrassed at the amount of student debt we've heaped onto their shoulders (and their parents) while the wealthiest never feel a twinge. My loans were are at 9.5%, but the rules have changed in the years hence.
I don't have kids but I'm embarrassed at the amount of student debt we've heaped onto their shoulders (and their parents) while the wealthiest never feel a twinge. My loans were are at 9.5%, but the rules have changed in the years hence.
Are you anticipating that the Tea Party
Endlessly. We can generate unlimited amounts of money. The question is if we can produce the goods and services the future retirees would like to buy with that money. The funny thing is to increase future production you need to actually spend money. It is called investing in the future.
Of course not, it's much more likely that the koolaid drinking sheep will watch idly as the fascists from both major political parties that currently control everything run this country completely into the ground.
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