re: 'You earned it, you keep it act' bill would eliminate taxes on Social Security

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Pure speculation on my part here but I'd say 3 things for certain:

1. Demographic changes -- we have a lot less workers today funding the program and people, on average, are living longer than when the program started.

2. Mismanagement of Funds -- Congress has raided these "trust fund" for decades to pay for other stupid shite and close shortfalls.

3. Fraudulent "Disability" Claims -- I have no data but I'd imagine you have tons of people on Social Security "disability" with some bullshite condition that are draining funds that they never contributed to.

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FYI, if revenue is unchanged, projections have SS underfunded steadily by 20%/yr for the next 75-100yrs. However, the SSTF has a full two-years of payments saved. At a 20%/yr drawdown rate, those TF reserves will be exhausted in 10yrs. So some point about 10yrs from now would be the first point SS has ever been 1¢ in the red... if we do nothing. After that it would run at 20% deficits.

However, any time between now and then, we can reduce SS payouts/COLA by 20%, increase SS revenue 20% (6.2% to 7.4% employee contribution), or do some combination, and SS would remain in balance for the next 100yrs.