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View Diary: Health Care Friday (126 comments)

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  •  they never report the 2027 date (0+ / 0-)

    You need to look deep into the trustees report to find it.

    The village maintains a fiction that the trust fund doesn't earn interest.  So they report the date where social security taxes (not including the interest it earns), matches the expenses.  Which is a totally fictional number.  It's like claiming the federal budget is in surplus because interest payments on the debt and military spending doesn't count.

    •  I wasn't getting my info from the village (0+ / 0-)

      but from Krugman's columns a few years back. Or at least insofar as I remember them.

      Though you make a good point; I wonder if Krugman didn't miss it.

    •  Also, where is that interest coming from? (1+ / 0-)
      Recommended by:
      ferg

      General Revenues, that's where. SS may be fine, but the rest of the treasury is a mess.

      If you're looking at the health of SS independent of the health of the rest of the treasury, your position is self-evident.

      My position is that Washington wants and needs SS to remain a gravy train, and that it's not the moment when SS starts spending more than it gets (FICA plus trust fund interest) that matters to Washington so much as the day that net transfer to treasury goes negative.

      •  agreed (2+ / 0-)
        Recommended by:
        relentless, Robobagpiper

        Good.  I agree with everything you're saying.

        The general fund is totally screwed.

        Personally, I agree with Pelosi that we should reverse the Bush tax cuts for the rich as soon as possible as a down payment for dealing with the debt.  We balanced with budget with Clinton, so we can do it again.

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