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Thread: Social Security reserves forecast to run dry in 2022

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    Social Security reserves forecast to run dry in 2022

    Social Security’s bank account will go bust in 2022 — the first time the program’s combined trust funds will run a deficit, according to PresidentObama’s budget released Monday.One of Medicare’s trust funds also will be in the red for much of the next decade, according to the numbers in the briefing book that the White House provided to Congress along with the budget, which lays out Mr. Obama’s tax and spending plans for fiscal year 2013 and beyond.Social Security has taken in less in taxes than it has paid out in benefits since 2010, but the shortfall has beenmade up as the government has dipped into IOUs left in the trust funds from previous years.Monday’s numbers, though, show the combined trust fund itself will run a deficit of $2.6 billion in 2022.
    Social Security reserves forecast to run dry in 2022 - Washington Times

    SS on the brink, we were told 2030 something, it's a long way off, plenty of time to get it right...

    No, it's a lot closer then you think. 2022is a mere 10 years off. It's time to end the fail, before it ends us.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Social Security reserves forecast to run dry in 2022

    two initial words for you and the article - so what?

    Either one believes in the full faith and credit of the United States or one does not. Which are you?
    Either one believes in honoring the promises made to the citizens of the nation who fulfill their end of the bargain or one does not. Which are you?
    Either one believes that money and revenues should first go to existing and long standing obligations before new ones are taken on or one does not. Which are you?
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    Re: Social Security reserves forecast to run dry in 2022

    It's no big deal...we can just print more money with no concern over consequences.

    Or, so I've been told in another thread.
    TANSTAAFL

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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by haymarket View Post
    two initial words for you and the article - so what?

    Either one believes in the full faith and credit of the United States or one does not. Which are you?
    Either one believes in honoring the promises made to the citizens of the nation who fulfill their end of the bargain or one does not. Which are you?
    Either one believes that money and revenues should first go to existing and long standing obligations before new ones are taken on or one does not. Which are you?
    I'm the one that believes reality trumps ideology.

    Full faith and credit is a two way street, that's something you cannot contemplate. Promises made on but not kept over decades, come back to bite us all in the end.

    I say **** the system, before it ****s us.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Social Security reserves forecast to run dry in 2022

    Its nuts. The politicians refuse to address it. It was the albatross around our neck, now it is going to be the cause of our death. Look what is going on in Greece and tell me we are going to be ok spending and borrowing. It can't happen. Hoping it goes away is not an option. Sorry for all of you under 35...Social security was BS...it reality it was a tax. 35 and over...good luck...we will see what we can do. I hope we can give you a check at 65, but I guarantee you get one at 90. Sound good?
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by Mycroft View Post
    It's no big deal...we can just print more money with no concern over consequences.

    Or, so I've been told in another thread.
    Or raise the cap beyond $90K.

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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by sharon View Post
    Or raise the cap beyond $90K.
    You mean kick the can down the road a few more years?
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by haymarket View Post
    two initial words for you and the article - so what?

    Either one believes in the full faith and credit of the United States or one does not. Which are you?
    Either one believes in honoring the promises made to the citizens of the nation who fulfill their end of the bargain or one does not. Which are you?
    Either one believes that money and revenues should first go to existing and long standing obligations before new ones are taken on or one does not. Which are you?
    People can believe whatever they want but it 's what you know that counts.

    I wouldn't have my family or myself depend on politicians for our future and anyone who does is being completely and devastatingly irresponsible.

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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by MrVicchio View Post
    You mean kick the can down the road a few more years?
    Reagan style.

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    Re: Social Security reserves forecast to run dry in 2022

    Yet more proof that FDR and his New Deal will ultimately be the death knell of this country.

    I don't even expect to see a check, and I've planned accordingly. Me suspects many a Democrat has not.

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