re: Social Security - Help me understand better

quote:

---

Yeah, but that's a pretty low bar.

---

Indeed. But that low bar is a massive 1000% of predicted SS shortfalls.

SSTF holdings are currently ~$2.8 trillion. Any shortfalls in annual revenue:expenditure are withdrawn from the trust fund.

In 2034, the SSTF is slated to run out of money. At that point, SS revenue will amount to 80% of SS payouts. That equates to a ~$220 Billion/yr deficit. If unaddressed, the 20% SS deficit would continue in a fairly stable manner for the next 75yrs.

In the meantime, the non-SS budgetary deficit is slated run about $2 trillion in 2034. i.e., UNSUSTAINABLE and 10 times the SS deficit.

Again the fact we are even discussing SS, as opposed to our gargantuan non-SS overspending is demonstrative as to how ridiculous the deficit conversation has become.

quote:

---

---

quote:

---

---