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View Diary: Sen. Chuck Schumer tells Democrats to forget Bowles-Simpson tax plan (178 comments)

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  •  SS had a $95 billion surplus in 2011 (9+ / 0-)

    from the 2012 trustees report. And that was in a severe economic climate.

    Just FYI, in case you ever care to learn the facts.

    The best solution, politically, is to wait until the income does match expenses, and then tweak them year by year to make them match, which was the original design of the program. There's no value in a grand bargain for 30 year projections.

    Year by year, or every 4 year changes are more stable and accurate.

    •  links please.. say shortfall (0+ / 0-)

      SSA.GOV - Social Security - A MESSAGE TO THE PUBLIC:

      Social Security

      Social Security’s expenditures exceeded non-interest income in 2010 and 2011, the first such occurrences since 1983, and the Trustees estimate that these expenditures will remain greater than non-interest income throughout the 75-year projection period. The deficit of non-interest income relative to expenditures was about $49 billion in 2010 and $45 billion in 2011, and the Trustees project that it will average about $66 billion between 2012 and 2018 before rising steeply as the economy slows after the recovery is complete and the number of beneficiaries continues to grow at a substantially faster rate than the number of covered workers.

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