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No, the SURPLUS will run out. The fund will not.
by fkfyshroglk 1y ago
No, the SURPLUS will run out. The fund will not.
- gruez 1y agoFrom wikipedia: >Without legislative changes, trust fund reserves are projected to be depleted in 2033 for the OASI fund.[16] Should depletion occur, incoming payroll tax and other revenue would be sufficient to pay 77 percent of OASI benefits starting in 2035.
- fkfyshroglk 1y agoPaying out 77% of benefits is not the same as running out of funds. You are still guaranteed payments while anyone in this country is making income.
- johngladtj 1y agoTry paying only 77% of your mortgage and let me know if the bank thinks that you're not in default.
- fkfyshroglk 1y agoAgain, social security is not a mortgage and is not even remotely comparable to one.
- johngladtj 1y agoYou're right, mortgages are consensual.
- kryogen1c 1y agoThis is a silly argument. It's like saying if you can pay 95% of your mortgage, you can pay your mortgage. That's not really how it works.
- fkfyshroglk 1y agoSocial security isn't analogous to a mortgage. It's a rolling payout to the current population.