Umm, no it wouldn't. The projections made are made with current law and our current situation in mind. The problem won't change, we'll just be one year closer to 2033.
It sure would be nice if you'd just admit you don't know what you're talking about agree to do more research on it before blindly arguing the sky is falling.
No, they said the Trust Fund won't become depleted until 2033. And the Trust Fund can only be depleted if expenditures exceed income. Thus, it's a simple thing to understand that, barring significant economic changes which can never be predicted, full benefits CAN be paid until 2033. Here, this may help:
http://fas.org/sgp/crs/misc/RL33514.pdf
That clearly indicates the 2033 date indicates full payment of benefits until the Trust Fund runs dry.
Of course it's not...it's just as conceivable we could experience an economic boom which would make the Trust Fund solvent for an additional 15 years, or it could happen we have a global economic collapse where it can't be paid next year.
But we're talking only about what we know. And, based on our current situation, it's not a problem for 20 years.
Who is Dean Baker and why would I read him?
Umm, that's EXACTLY what you said. Let's take money we promised to people now and not give it to them, that way we can give it to another set of people we promised money (though, they wouldn't get what they are fully promised either).
Like I said, your comment is nonsense. Why take from people now, when we have 20 years to pass a law to preserve for future generations? So ridiculous.
Why do you not understand the fact we have TWENTY YEARS before we have to worry about paying reduced benefits? The system isn't going anywhere. Even if the Trust Fund runs out tomorrow, those collecting Social Security will STILL get money, just less than they expect.
God, it amazes me how those who cry the world is ending the loudest seem to understand it the least.
Way to completely misunderstand again. I never said benefit cuts are OKAY, I said that even if the Trust Fund runs out, the elderly are STILL going to get money. The idea that Social Security is just going to cease to exist is nonsense and it's the same nonsense I took you to task on the last time you created one of these misleading threads. What I cannot figure out is if you truly don't understand what you're talking about or if you're intentionally trying to push a false narrative about the existence of Social Security. I'd like to think you're intelligent enough to understand how things work, but I'd much rather think you're not creating FUD threads with malicious intent.
At the end of the day, you're making statements of untruth. And your recommendation that we cut benefits now is asinine when we have TWENTY YEARS to pass legislation to make it so future generations will get the money promised to them.