[babble-on]

either collect more taxes or pay less benefits.

That’s the only two ways, other than combining the two.

[SeekAndFind]

B. TRUST FUND FINANCIAL OPERATIONS IN 2018

Table II.B1 shows the income, cost, and asset reserves for the OASI, the DI, and the combined OASI and DI Trust Funds in calendar year 2018.

Table II.B1.—Summary of 2018 Trust Fund Financial Operations

[In billions]

		OASI	DI	OASDI
Asset reserves at the end of 2017		$2,820.3	$71.5	$2,891.8
Total income in 2018		831.0	172.3	1,003.4
	Net payroll tax contributions	715.9	169.2	885.1
	Interest	80.7	2.6	83.3
	Taxation of benefits	34.5	.5	35.0
	Reimbursement from General Fund of the Treasury	a	a	a
Total cost in 2018		853.5	146.8	1,000.2
	Benefit payments	844.9	143.7	988.6
	Administrative expenses	3.8	2.9	6.7
	Railroad Retirement financial interchange	4.8	.2	4.9
Net increase in asset reserves in 2018		-22.4	25.6	3.1
Asset reserves at the end of 2018		2,797.9	97.1	2,894.9

[ealgeone]

STOP PAYING FOLKS WHO HAVEN'T HAD THEIR PAY TAKEN FROM THEM!!

NO BENEFITS TO ILLEGALS.

[antidemoncrat]

Here is how to make it last forever. Take all government workers off their cushy retirement pensions and put them all under social security.

[central_va]

When is welfare and EBT going to run out of money?

[1Old Pro]

The solution is privatization. As usual government screwed up this government program.

[central_va]

The government tells us yet again that the program is running out of money.

Lie. Lie. Lie. It(SS) will never run out of money. Benefits come from the general treasury fund. They will just continue to pay SS benefits with deficit spending until all the baby boomers are dead. This is a "nothing burger" scare tactic.

[Svartalfiar]

Easy solution. TARP-style bailout of all SS accounts, with everyone paid out their account balance into their existing 401k or TSP (marked as non-taxable). Or a new Roth IRA.

Not sure where the Constitution says the FedGov can run a retirement plan for anyone but Fed workers.

[Vaduz]

The big transfer programs are a “slow-rolling catastrophe another gift form CONGRESS for tapping into for so long.
The box is locked because nothing is in it and don’t want anyone to see it.
Congress act more like a half assed Mafia.

[hanamizu]

When I went to the Social Security office to apply for my ‘old age benefits’ I was struck by the lack of grey hair in the waiting room. I was the only one there who wasn’t there to collect ‘disability’ benefits. I know that the ‘boomer’ cohort’s retirement is a problem for SS that has been foreseen (and ignored) for decades, but there were a lot of healthy looking folks in that waiting room.