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Originally Posted by Guest
The "surplus" from the 80's has been spent and now we have more taking than contributing to it. YES, they did borrow from it and left us with IOUs but the fact remains now that it will be in trouble as long as more take than contribute. It's a Ponzi scheme plain and simple.
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You know NOT of what you speak... Please don't contradict me when you haven't done your homework.
"In 2015, reserves are large enough that cash flow will not be a problem for the trust fund for almost 20 years."
"Because the surplus OASDI funds are essentially loaned to the rest of the government, a full understanding of the effects of OASDI financing requires consideration of its effects on the Treasury's general account cash flows."
"In 1980, the OASDI trust fund reserves were low and declining. Congress enacted changes in 1983 (discussed later) that enabled reserves to begin to accumulate. In the 2014 edition of the Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds (henceforth, the Trustees Report), reserves are projected to peak around 2020 and to be depleted around 2033 if no changes are made to the tax or benefit provisions before then."
"Chart 1 shows trust fund total income exceeding trust fund expenditures from 1984 through 2019, generating annual surpluses. Beginning in 2020, total income is projected to be less than expenditures, generating annual deficits (shown as negative surpluses)."
There's more...
Social Security Trust Fund Cash Flows and Reserves