A 2013 dollar is worth only 79cents of 2003 dollar, a loss of 21% value in 10 years.
Social Security & Prior Cost-of-Living Adjustments
2003 increased by less than 5%
2004 increased less than 5%
2005 = 6%
2006 less than 6%
2007=3%
2008=3%
2009=6%
2010=0%
2011=0%
2012=6%
2013 less than 3/4 of 1%
So while benefits may have kept pace, the value of the trust fund declined.
In other words, the Feds borrowed our new car, put 300, 000 miles on it and returned it to us, and only paid us 4% annually of the value, or 40% of the cost, to use our car (money)
and call it FAIR?
If the trust fund is broke it is EXACTLY because of inflation due to deficit spending!
And actually, they are paying less than 2% interest but some how THEY figure that's an effective 4% interest? Cooking the books!