It’s interesting how the projected date for the supposed Social Security Trust Fund to “go broke” keeps getting pushed farther into the future.
In 2000, the system’s actuaries thought the assets of this fund would be exhausted by 2032. Two years later it was 2037. Now the projected exhaustion date is 2041.
And at least one government scenario is projecting that it won’t ever “go broke.” Not that this is getting a lot of mention in the media, of course.
Social Security go broke?!?!…can’t happen. The Treasury Department has printing presses which can churn out pieces of paper with numbers on them at insanely high speed, so the check will always be in the mail. Whether that check will have enough purchasing power to buy anything is another story. But then, the congress can always demand we surrender more of our freedom to them so the problem of hyper-inflation can be fixed.
As a side note, do you think they will put Milton Friedman’s face on the billion dollar bill just to rub it in? Or instead of calling it a billion dollar bill, just call it a Weimar or a Zimbabwe.
It may not be going broke, but I sure as hell wouldn’t be counting on just my SS check to support me during retirement. If anything, it’ll just be gravy on top of my investments (I was going to say OTHER investments, but SS isn’t one. I’d have more money by retirement if I just took that SS money and shoved it under my mattress).