70 million paid from the social security taxes, yet only 100 million working and 2/3sa of those are part timers.
There is no way social security taxes pay for all those checks.
Yes.... what’s called an unsecured liability that taxes will eventually have to support.
The real story is when those 20-50 million illegals become ‘legal’ and the government is forced to give them credit and status for SS they paid all these years under their fake and stolen SS numbers.
Anybody that thinks the SSA hasn’t been aware of this for decades and keeps track of fake and stolen SS numbers in separate accountings (so as not to credit real owners with undue credited income and payments to SS and have to pay them for it when they retire) is an abject fool. They have allowed this because it has been money in the bank for which they had no liability, and they didn’t give a tinker’s damn about how all of this would work out. What me Worry!