Reply #12: Yes, let's look at that [View All]

[sandnsea]

"Social Security has been running surpluses for the last quarter-century, banking those surpluses in a special account, the so-called trust fund. The program won’t have to turn to Congress for help or cut benefits until or unless the trust fund is exhausted, which the program’s actuaries don’t expect to happen until 2037 — and there’s a significant chance, according to their estimates, that that day will never come."

Yes, the "so-called trust fund". Where is the money going to come from when we start paying benefits from the "so-called trust fund"?

And where are benefits going to come from after 2037, when the program's actuaries forecast 75% income of expected pay-outs?

That's not solvent and Krugman knows it.

Unless, as I said above, you just want to go on faith-based social security.