Comments on: Social Security is Not Dying. It’s Fully Intact–At Least For a While.

By: Bill

Bill — Wed, 18 Jun 2008 10:54:21 +0000

Another BS article touting Social Security is fine. And like the others, we hear more about how SS has an actual surplus, though we don’t learn that these surplus funds were long ago stolen by Congress and replaced with a stack of good ol’ IOU’s. Furthermore, not a mention of the far bigger problem – medicare and medicaid, especially after Bush handed over more loot to the Pharma companies.

By: Lord

Lord — Tue, 17 Jun 2008 18:29:44 +0000

Better yet, even if the trust fund runs out, Social Security can still pay at least 78% of benefits and those will be larger than today’s, based on the future working population paying at the current payroll tax rates. Most of Social Security is pay as you go and will continue indefinitely. You will only end up with nothing if you let them take it away from you.

By: web design company

web design company — Tue, 17 Jun 2008 16:10:18 +0000

Ignore the trust fund. It effectively no longer exists. OMGWTFBBQ? The Social Security Trust Fund has no cash, only securities. But securities are good. They earn interest! These are Treasury bonds. That’s right, the Federal government is writing itself IOUs. All of Social Security’s revenue surplus is poured straight back into general revenue and replaced by T-bonds. Technically Social Security can get its money, once outlays exceed revenue. By redeeming those T-bonds. The money to do that will come from either tax revenue or new public debt. Which is almost exactly the same as if the trust fund didn’t exist.

By: Exotic Electron

Exotic Electron — Tue, 17 Jun 2008 15:58:26 +0000

ONLY if congress cashes out all the bonds they bought with Social Security funds… of course Congress is going to put out a report like this and use toadies like you to parrot it.