Social Security to See Payout Exceed Pay-In

Just stop issuing benefits to tea baggers. They don't want any federal intervention in their lives anyway. That should give it another 25 years of solvency.

Appropriate.

There is the trust fund but it is full of government bonds. "As good as cash."

No memory is so convenient.

Analysts have long tried to predict the year when Social Security would pay out more than it took in because they view it as a tipping point — the first step of a long, slow march to insolvency, unless Congress strengthens the program’s finances.
We did that and the Republicans spent the money.

Mr. Greenspan said that the same three choices exist today — though there is more time now for the painful deliberations.

“Even if the trust fund level goes down, there’s no action required, until the level of the trust fund gets to zero,” he said. “At that point, you have to cut benefits, because benefits have to equal receipts.”

He just cannot learn. Why do we hear from him?