These people are all such liars! Two workers for each retiree, around 2020, means much higher taxes and/or massive debt and/or millions of tax-paying immigrants - or the system simply crashes. They can do all the accounting finagles they want, but you can't get payroll taxes out of workers who weren't born.
There is no Social Security trust fund. Washington robbed it and diverted the money into the genreral fund.
and with less workers each year paying less into it, and more retirees collecting, how is that solvent?
Rolling Stone is a crap rag, and the Economist is a retard.
There is no Social Security trust fund. Washington robbed it and diverted the money into the genreral fund.
and with less workers each year paying less into it, and more retirees collecting, how is that solvent?
Rolling Stone is a crap rag, and the Economist is a retard.