I don’t imagine any kind of “tinkering” can make up for the $2.5 trillion that the federal government stole and spent on other things.
It is all one big joke anyway. There is no money in the Social Security Trust Fund. All that exists is IOUs from the US Treasury. Benefits are being paid out of current receipts and from general funds. It is broke now.
This is confusing, partisan article
1) It attacks Republicans attempts to adjust benefits basis a change in CPI calculation. I am curious - is Obama or anyone else proposing any reforms or changes?
2) It talks about the “trust fund” being depleted in 2031. There is NO true trust fund. It is only an on-paper accounting concept. Social Security covers present expenses with present income and “repayments” from the Federal Govt. What really should be examined is the size of the yearly gap in Soc. Sec. receipts vs. outlays, and the ability of the Federal Gov’t to cover those.
If we keep allowing people whose Unemployment has run out to go on to Social Security disability, we will probably run out in 2016.
i’m a greedy basatard, give me my ligitimate yearly increase, to hell with future generations!!
In any ponzi scheem it pays to get in early and screw the late comers!