Trust funds that support program projected to run dry in 2033
No Joan it is not your money. The money you contributed to SS has long since
been spent. The money you paid in was not saved, it was not invested, the SS
trust fund is a giant IOU with the money that was excess being used to off set
other parts of deficit spending. Joan I am now paying for you while being
forced to trust the government that someday there will be some for me too
therefore if we all sacrifice. - I will have to work longer, you will need to
take less in future increases (that will affect me too in the future) but to
always point to someone else and say make them sacrifice - not me is
America is in financial trouble because we refuse to regulate the too big to
fail banks properly we are continually getting into needless wars.Fix these things and leave Social Security alone. People earned that.
Raise the income level on which Social Security taxes are paid and diversify the
investments of Social Security so it invests in more than government bonds which
pay next to nothing in interest. There is no real need to cut the benefits.