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re: Social Security won’t be able to pay full benefits by 2034. Now there’s renewed pressure

Posted on 9/5/21 at 2:50 pm to
Posted by HonoraryCoonass
Member since Jan 2005
18110 posts
Posted on 9/5/21 at 2:50 pm to
It could happen, maybe. But this is just like the climate scare, they’ve been making this prediction literally MY ENTIRE LIFE, and it hasn’t happened yet. If need be, they’ll just borrow and print more money.
Posted by 1loyalbamafan
alabama
Member since Mar 2015
2690 posts
Posted on 9/5/21 at 4:16 pm to
quote:

If need be, they’ll just borrow and print more money.


What will you buy with 800 dollars a month? That is really worth 200 dollars a month?

Or for the Lucky that have 2mil in the bank, thats only woth 200 thousand?

Not everyone is investment savvy. Even if they have saved all their life.

....and their nice home is surrounded by new sec.8 apartments.
Posted by Astrosfan
Nowheresville
Member since Jul 2021
724 posts
Posted on 9/5/21 at 6:06 pm to
quote:

If need be, they’ll just borrow and print more money.


I am truly starting to believe its like one central banker said a year or so ago that the debt is just numbers on a computer screen. It can be deleted with a press of a button. This world has passed me by.
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