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Here is an interesting question

Faster horses

Well-known member
We are always hearing about how Social Security is going to run out of money.

How come we never hear about Welfare running out of money?


What's interesting, the first group "worked for" their money... the second didn't!!?
 

Steve

Well-known member
you never hear about it because SS was raided to fund welfare and hundreds of other liberal ideas..

SS does not actually go "broke",.. it just is no longer funded only by current workers and would need to start using the money it "LOANED" to the federal government..


a big chunk of the bill has already been set aside. And by 2015, the amount set aside in the trust fund will swell to five times the estimated annual payouts. So the idea that Boomers will somehow be sponging off the next generation for all of their retirement funds just isn't true.

set aside in MSNBC talk for stolen.. :mad:

2012 Which federal program took in more than it spent last year, added $95 billion to its surplus and lifted 20 million Americans of all ages out of poverty?

Why, Social Security, of course, which ended 2011 with a $2.7 trillion surplus.

With the coming bulge in retirees, Social Security will start to pay out more than it takes in 2021, according to projections in the latest annual report. Under current law the program would be able to pay only about three-quarters of promised benefits starting in 2033.

stagnate growth coupled with and crippling unemployment has moved up the go broke date by ten years..

simply getting folk back to work and earning would make the plan solvent for longer.. but eventually small changes would be required..
 
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