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View Diary: Should Americans Forgive the $2.5 Trillion Borrowed From Social Security? (181 comments)

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  •  But the SS Trust Fund was *meant* to be drained! (3+ / 0-)
    Recommended by:
    JeffW, blue muon, leevank
    And as long as SS isn't draining its trust fund, it truly isn't a problem.
    It was built up to much higher than historic levels starting in the early '80s to have extra money available when the Baby Boomers retired.  Now we are retiring, and the Trust Fund should be drawn down slowly to pay us.  

    Renewable energy brings national global security.     

    by Calamity Jean on Mon Dec 03, 2012 at 09:08:18 AM PST

    [ Parent ]

    •  Boomers are dead by 2062 (0+ / 0-)

      Once SS gets past 2062 , assets grow. Quickly.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Tue Dec 04, 2012 at 07:43:10 AM PST

      [ Parent ]

      •  Yep, if climate change doesn't wreck everything. (1+ / 0-)
        Recommended by:
        JeffW
        Boomers are dead by 2062.
        Once SS gets past 2062 , assets grow. Quickly.
        The state of the trust fund will be irrelevant if the nation can't raise enough food to feed everyone.  Assuming our population isn't dropping dead from heat stroke, starvation, and dehydration, the SS tax rates will have to be cut to prevent the SS trust fund from ballooning to ridiculous size.  

        Renewable energy brings national global security.     

        by Calamity Jean on Thu Dec 06, 2012 at 10:27:37 AM PST

        [ Parent ]

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