Page 19 of 28 FirstFirst ... 91718192021 ... LastLast
Results 181 to 190 of 279

Thread: Social Security To Go Bust By 2030: CBO

  1. #181
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Yesterday @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by JoeTheEconomist View Post
    The $2.8 trillion Social Security Trust Fund is on track to be totally spent by 2030, the Congressional Budget Office : http://www.cbo.gov/sites/default/fil...-QFR_Hatch.pdf

    That's a decade earlier than the CBO estimated as recently as 2011.


    Social Security To Go Bust By 2030 Thanks Partly to ObamaCare: CBO - Investors.com
    Well you young people better get your asses to work so I can collect my entitlement!
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  2. #182
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Today @ 11:47 AM
    Lean
    Conservative
    Posts
    13,073

    Re: Social Security To Go Bust By 2030: CBO

    With only 47 percent of Americans 16-65 working.......

  3. #183
    Sage
    Lord of Planar's Avatar
    Join Date
    Dec 2012
    Location
    Portlandia
    Last Seen
    Today @ 03:18 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    23,325

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by JoeTheEconomist View Post
    When it comes to Social Security. I tend to listen to the SSA.

    But I am curious why you think numbers from OMB are better than CBO.
    They can bothe be wrong about things. However, in this case, we were discussing money already spent. Not projections, when speaking of 2009/2001. The OMB uses hard compiled data and reports it.

  4. #184
    Educator
    mtm1963's Avatar
    Join Date
    Dec 2009
    Location
    Tennessee
    Last Seen
    05-25-17 @ 04:46 AM
    Gender
    Lean
    Independent
    Posts
    1,067

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by Erod View Post
    With only 47 percent of Americans 16-65 working.......
    62.8% of the population is working.

    Bureau of Labor Statistics Data
    Go Vols

  5. #185
    Sage
    Lord of Planar's Avatar
    Join Date
    Dec 2012
    Location
    Portlandia
    Last Seen
    Today @ 03:18 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    23,325

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by mtm1963 View Post
    62.8% of the population is working.

    Bureau of Labor Statistics Data
    How about full time vs part time?

  6. #186
    Educator
    mtm1963's Avatar
    Join Date
    Dec 2009
    Location
    Tennessee
    Last Seen
    05-25-17 @ 04:46 AM
    Gender
    Lean
    Independent
    Posts
    1,067

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by Lord of Planar View Post
    How about full time vs part time?
    i think its a combination of both, but i'm not sure about that thou.
    Go Vols

  7. #187
    Sage
    Lord of Planar's Avatar
    Join Date
    Dec 2012
    Location
    Portlandia
    Last Seen
    Today @ 03:18 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    23,325

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by mtm1963 View Post
    i think its a combination of both, but i'm not sure about that thou.
    Exactly. A percentage of all workers isn't a proper indication of workforce health.

    I'm pretty sure full time is taking a dramatic loss of numbers and part time is increasing. The percentage peak of around 1998 I bet had a greater share of full time workers I bet.

  8. #188
    Guru

    Join Date
    Apr 2012
    Location
    Atlanta, GA
    Last Seen
    12-01-17 @ 12:03 AM
    Gender
    Lean
    Centrist
    Posts
    2,650

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by American View Post
    Well you young people better get your asses to work so I can collect my entitlement!
    You will love my next article :

    These aren't my words, but those of Charles Blahous, public trustee of the Trust Funds :

    "If tomorrow’s Social Security benefits less secure than today’s, it would be a tragic irony: the outcome would have been brought about largely by supporters of Social Security having countenanced the tactics of delay to the point that the program’s unique political protections could no longer be preserved. Those who care about the Social Security program need to clearly understand the consequence of this ongoing neglect."

  9. #189
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 01:01 PM
    Gender
    Lean
    Conservative
    Posts
    57,125

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by Lord of Planar View Post
    It won't go bust. It still has those trillions in IOU's to use up first.
    oh. Yeah.

  10. #190
    Sage


    eohrnberger's Avatar
    Join Date
    Nov 2013
    Last Seen
    Today @ 03:14 PM
    Gender
    Lean
    Other
    Posts
    24,941
    Blog Entries
    11

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by Lord of Planar View Post
    It won't go bust. It still has those trillions in IOU's to use up first.
    Those IOUs are only as good as those who wrote them and their ability to pay them back. In this case, I believe, it's the US federal government, and it's ability to pay is directly related to what is spends and what it takes in as revenue from the US tax payers.

    As long as the US as payers go along with paying, yes, the US government will be able to make good on those IOUs, but there are signs that the US tax payer is suffering from taxation exhaustion and are rejecting the increasing demands of the federal government. Witness the TEA party as well as businesses and the taxation inversion maneuvers they are undertaking.
    the Fix-is-in Bureau of Investigation

Page 19 of 28 FirstFirst ... 91718192021 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •