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  •  SS probably paid for well beyond 2037 (6+ / 0-)

    I don't have the assumptions in front of me, but basically, for the fund to run out by that time, we'd have to have twenty years like the last one.

    If THAT happens, we're all eating dog food and I'll be fine with SS benefits being cut to about seventy percent of what they are now so seniors can join us all in a can of Alpo.

    Denounce someone else's lack of courage from safe distance and anonymously!

    by Inland on Thu Dec 30, 2010 at 12:03:02 PM PST

    •  If the GOP gets its way (3+ / 0-)
      Recommended by:
      wishingwell, gsbadj, JeffW

      SS is doomed.  The so-called "tax holiday" is yet another inroad.

      But what I find most ironic about it is that the strongest base for the anti-SS crowd are the old folks - the ones already on SS.

      My life is an open book, and I want a rewrite!

      by trumpeter on Thu Dec 30, 2010 at 12:20:10 PM PST

      [ Parent ]

      •  Because they're all smarter than everyone else (1+ / 0-)
        Recommended by:

        They actually go for the BS about "If only I could have controlled all that money that SS took from me over the years... I could have invested it on my own and been RICH, RICH, RICH I TELL YOU!!"

        "Unseen, in the background, Fate was quietly slipping the lead into the boxing glove." P.G. Wodehouse

        by gsbadj on Thu Dec 30, 2010 at 12:42:13 PM PST

        [ Parent ]

    •  Some folks keep spamming (Alpoing?) with this but (2+ / 0-)
      Recommended by:
      JeffW, SoCaliana

      never seem to get around to providing a link. Sure hope(TM) this is correct....

      •  I did hear Robert Reich mention it (1+ / 0-)
        Recommended by:
        on Countdown too couple days ago, he was a SS Trustee.

        Google gives this and could probably find CBO's official summary somewhere on the .gov website.

        Sounds like it's true, so far.

      •  Robert, did a SS search. (2+ / 0-)
        Recommended by:
        divineorder, Prairie D

        His statement, the truth about the deficit says

        Let’s be clear about the long-term deficit problem.

        It’s not Social Security. Social Security’s shortfall is modest. It arises because so much income has gone to top earners in recent years that the payroll tax covers a smaller percentage of overall income than was planned for. I should know. I used to be a trustee of the Social Security trust fund.

        The obvious answer is to lift the cap on income subject to Social Security payroll taxes, now $106,800, to about $150,000.

        Nor is the real problem Medicare. It’s what lies behind Medicare’s projected growth: the explosive growth in medical costs.

        Attempts to cap Medicare without dealing with the underlying problem of soaring medical costs — as the deficit commission recommends — will cause a firestorm. Sarah Palin’s "death panel" scare was nothing compared to what will happen if Medicare payments are capped yet the underlying drivers of health-care costs aren’t addressed.

        Over the next three decades, drug costs are projected to soar. New medical equipment, diagnostic tests, and complex procedures will rise into the stratosphere.

        The answer is to finish the job of reforming health care. How? Let Medicare use its bargaining leverage to get low-cost drugs and supplies. End health insurer’s immunity from antitrust laws. Allow the public to buy health insurance from a Medicare-like public option. And award plans that focus on disease prevention rather than expensive diagnostics and procedures.

        Everything else the deficit commission recommends is peanuts compared to taming health-care costs.

        So maybe it is a little iffy.

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