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

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  •  This will end badly. (0+ / 0-)

    "Social Security did what was prudent, it began saving for the future..."

    But the fund contains assets that are also liabilities of the government.

    That would be like me writing a check to myself for $5 million and claiming that I am $5 million dollars richer.

    leftreborn highlights the problem perfectly, "It just moves the number from the column on the right (in the table above) to the column on the left."

    Somehow that is offered as a solution, though.

    I read a comment further up which described what I believe is likely to happen. SS beneficiaries will receive nominal checks until the day they die, but those checks won't buy them much as the dollar continues its path towards oblivion.

    This will end badly.

    •  Don't catastrophize. In the end it will be ok. (0+ / 0-)

      It just needs attention and awareness.  

      "Those who deny freedom to others, deserve it not for themselves." - Abraham Lincoln

      by leftreborn on Mon Dec 03, 2012 at 11:07:41 AM PST

      [ Parent ]

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