23 Mar 2025 6:36 pm
so you don't like bonds as the investment tool while being adamant about it not being invested somewhere else...huh...Cannonpointer » 23 Mar 2025, 2:04 pm » wrote: ↑ The trust fund is solvent through 2035 with no action taken, and would then be forced to pay only 83% of benefits - if no remediation occurs. And this is in spite of a criminally low return that doesn't even pace inflation. Workers should be asking why the **** SS bonds receive a lower return than other investment bonds. There's your **** skunk - not the 300 year old ghost recipients that do not exist and are pure campfire fiction invented by Trump and Elon.
Throughout the boomer years, SS took in WAY more than it paid out. The boomers retiring reversed that - which is expected. Now it is paying out - from its bonds - more than it is taking in.
You understand this process perfectly as applied to your other retirement savings. Why is it difficult to understand it with SS?
Even if you were right that current workers are funding the retirement of yesterday's workers, the manner in which you present that information is extremely strange. If it were true, it would be an outrage. Where the **** did the money go? This would be the crime of the century. Where did those trillions of dollars go?
And for the record, income FROM the bonds is not what retirees were told to count on. It is the bonds themselves.
How Much Money Has Been Borrowed from Social Security?
According to the Social Security Administration, a total of $2.9 trillion has been borrowed from the trust fund since 1965. This amount represents a significant portion of the trust fund’s total assets, which currently stand at around $2.9 trillion...
https://gbtimes.com/which-president-bor ... -security/
JuCo 5 percenter...
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LAVRENTIY BERIA
"Try to get past your passionate ignorance and learn to accept what actually happened."
brown's unheeded words of wisdom 