There are approximately 37 million Americans currently drawing social security benefits. In 13 short years, this number is expected to jump to 72 million.
Since its conception, social security has collected hundreds of billions of dollars above its payouts. Since the Carter administration, the social security trust fund has been raided to balance the federal budget. As a result, the money collected to pay future retirees has been squandered. Our government has done what it does best, create big problems for future generations.
None of the presidential candidates are addressing this looming problem, which will begin to surface in 2012.
Will the solution just be abolishing SS in 2012? Will the feds just keep collecting the money until the payouts are impossible to meet and just say sorry, you guys are screwed?
If SS is doomed to collapse, perhaps the fed should stop collecting the money now.
Any thoughts?
2007-07-26
07:04:24
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11 answers
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asked by
Overt Operative
6
in
Politics