Ahhhh. They issues these kinds of scare reports every time their budgets are up for discussion in Congress.
Like the Post Office, they want to sound near insolvent so they can get a bigger budget.
Of course, they make no mention that SS recipients have only had one 2% increase in the last 4 years. Next year, recipients MIGHT get a 0.2% increase [that averages about $2.00 per month].
Social Security is bankrupt; it has been bankrupt from the beginning. You can whine and cry all you like, you won’t change the facts. Every penny being given to a current Social Security recipient is coming directly from the paycheck of someone currently working. You have no ‘social security account’. There is no trust fund. There is only ripping off the people who currently work for pay, and giving to the people who used to work for pay. Back when you were working didn’t “pay into” a “social security account”. You paid directly into the pocket of a social security recipient.
Charles Ponzi was imprisoned and deported for arranging a similar scheme. Social Security is worse than Ponzi: Ponzi’s schemes were voluntary. Social Security is armed robbery.
Like the Post Office, they want to sound near insolvent so they can get a bigger budget.
At least they are taking care of their workers which is RARE today. Post Office has their pensions paid for 75 years. Post Office workers may be the only ones getting a pension in 100 years. Very smart operation the Post Office is. They even budgeted well that they LOWERED the cost of the stamp.....how often does that happen? Never...Walmart, McD’s, etc NEVER lower costs. Grocery stores are the WORST.