Seen it from where? It's not from the SSA Trustee Report and I'm from Missouri, which is the Show Me State.
approximately 300 other debates on this topic where others have tried to pretend that a promissory note that you write to
yourself is the same thing as cash?
No they're not. FICA pays Medicare and under-runs on Medicare come from the SSA.
Centers for Medicare and Medicaid Services: www.cms.gov. Yeah, they're run out of the same house, man. Medicaid is joint Federal/State funded, whereas Medicare is all Fed.
Like I said previously, take SSA out of the budget and any SSA deficit spending is solved for 20 years.
:lol: no, take SSA out of the budget and SSA doesn't have funds to cover its' payments
next month.
What we do with what's left, mostly welfare and the military, is a different matter.
SS
is welfare dude. As you yourself later put it:
That should be plain enough from all the people that DO loose their life savings every year and are left with nothing but SS to rely on.
That's why we have SS. That's why when we start reducing SS expenditures we are going to cut the payments to upper income earners (hopefully) before we cut them to lower income earners.
Sorry, you'll have to separate welfare/Medcaid and the SSA. As long as you keep them together you will get bogged down.
Since SS requires monies from the General Fund
now, separating them from each other is not possible.
It can with a few minor changes which have already been proposed.
Well.... yes and no. It can be extended as measured only by itself with some changes, however, since Social Security is not what drags down Social Security (rather, the inability of the General Fund to make up the gap in Social Security is), it cannot so long as you assume that the rest of the U.S. Government continues to exist.
Not everyone, and certainly the people who need it the most, know how to do that without risking their life savings.
Yes, pretty much everyone. You're going to have to sell the "oh evil wall street will take all your money right before you retire" bit to someone who hasn't
run the numbers
Like I said, when Treasury has to stop honoring their debts you let me know so I can prepare for WWIII. Who bailed out the bankers?!? It wasn't other bankers!
Since a pretty promise you write to yourself which is not tradable is not a debt obligation, perhaps you should start prepping. Not sure who you think is going to be fighting, but, good luck, I suppose.
As for who bailed out the bankers? Broadly, savers. Through the devaluation of their holdings.