Reply #50: Thanks for your assessment, but even Krugman acknowledges the fund will be "exhausted" at some point [View All]

[Hoyt]

And, there is evidence it may occur faster than we think unless our economy makes some miraculous recovery. In any event, I think lower income folks might need a boost and I'd like to see the cap increased.

But, let's say it won't be "exhausted" until 2037 -- would you want to be 38 years old and know that when you reach 65 (or 70) the fund will be exhausted unless somebody does something like raise the wage cap.

Again -- SS is part of our system and should be discussed openly. If you are right about it's condition and future, there is nothing to worry about. If you are wrong, or short-sighted, then I suggest we start discussing it now while we still control part of the decision-making process.