Social Security Has About One Decade Left Before It Runs Short of Cash

Hotair ^ | 05/08/2024 | Jazz Shaw

[Chode]

Full Retirement Age raised to 72 coming up...

[faithhopecharity]

Gee, wasn’t it just last week that Biden bragged how he had saved SS, made SS solvent?

Where did all that $$ go? Straight into the corrupt DNC Biden political machine? Via son Hunter hunter Biden?

[SaveFerris]

That’s why I started early. I did the math.

I wind up with the same amount of money up to age 80 and a few months (maybe 3) vs. waiting for FRA.

Now if I was still working my career, no.

BUT the good news is I can still win Powerball and it doesn’t affect anything.

But I very rarely play hahahaha

[artichokegrower]

If they cut Social Security but not public employee pensions there will be a revolution

[boomop1]

I’ll be 92 God willing, but then Jesus will have come and got us believers by then.

[dfwgator]

Like Carlin said, They want your retirement money, so they can give it to their criminal friends on Wall Street.

[Chode]

good luck...

[Freest Republican]

It’s had one decade left for decades now.

PS there is no fund yet SSA is the largest single holder of govt bonds which every where else in the universe are regarded as a cash equivalent.

PPS for decades the avg recipient has collected far more than they ever contributed.

[inchworm]

This means tomorrow Romney calls for the new retirement age to be 95.

[SaveFerris]

Amen to that

[SaveFerris]

[good luck...]

I just looked now

I’ve got a 1 in 292,201,338 chance

I like my chances - If I play a little more than $292 million dollars

I think I’ve got about that much in one bank account :)

[DoughtyOne]

Won’t last that long the way they add people in who haven’t
worked a day in their life in the U. S.

[cherry]

every time they want to "reform" SS they make the younger people pay more and work longer....

federales retire on fat pensions at young ages and nobody squeals about that....

but we mere peasants who have paid in for many decades, its always considered an entitlement that they can cut whenever they want....

[mass55th]

They’ve been saying that for at least the last 50 years.

[Fresh Wind]

Who broke the lock on the lockbox?

[Chode]

you got that...

[Nateman]

Since Socialist Insecurity is paid for by the Federal Government and the debt is already 31 Trillion I’d say it clearly is already out of money. The only thing left is how many people will still be dumb enough to lend Uncle Sam any money.

[Right Brother]

That and no SS tax limit. Currently that is $168K.

[Right Brother]

Exactly. The fungibility of money makes this a silly exercise.

[Chode]

*