OASI | DI | OASDI | |
Assets at the end of 2010 . . . . . . . . . . . . . . . | $2,429.0 | $179.9 | $2,609.0 |
Total income in 2011 . . . . . . . . . . . . . . . . . . | 698.8 | 106.3 | 805.1 |
Net payroll tax contributions . . . . . . . . . . . . | 482.4 | 81.9 | 564.2 |
Reimbursements from General Fund of the Treasury . | 87.8 | 14.9 | 102.7 |
Taxation of benefits . . . . . . . . . . . . . . . . . | 22.2 | 1.6 | 23.8 |
Interest . . . . . . . . . . . . . . . . . . . . . . . | 106.5 | 7.9 | 114.4 |
Total expenditures in 2011 . . . . . . . . . . . . . . | 603.8 | 132.3 | 736.1 |
Benefit payments . . . . . . . . . . . . . . . . . . . | 596.2 | 128.9 | 725.1 |
Railroad Retirement financial interchange . . . . . . | 4.1 | .5 | 4.6 |
Administrative expenses . . . . . . . . . . . . . . . | 3.5 | 2.9 | 6.4 |
Net increase in assets in 2011 . . . . . . . . . . . . . | 95.0 | -26.1 | 69.0 |
Assets at the end of 2011 . . . . . . . . . . . . . . . | 2,524.1 | 153.9 | 2,677.9 |
Apparently my post was pointless. I acknowledged that the money is due. I also pointed out that even with it SS goes broke eventually. Medicare has barely any funds and is about broke already.
Anyone who is capable of watching trends sees that they are unsustainable.
But let’s ask this question- where will that $2.5T come from? The money tree out back? The deficit is already over $1T. You want a $4.5T deficit? This doesn’t say anything about the $16T in debt (of which the $2.5T is but a small portion).
If they aren’t looking to pay back that $16T as a whole, I don’t much see why the part will do any better. Yes, they are a bunch of crooks. No, there’s not much we can do to get blood from a stone, or money from a broke country.