On Sun, 2 Aug 2015 14:58:26 -0700 (PDT), "
wrote:

On Sunday, August 2, 2015 at 5:37:23 PM UTC-4, Ed Huntress wrote:
On Sun, 2 Aug 2015 14:10:50 -0700 (PDT), "
wrote:

On Sunday, August 2, 2015 at 3:48:55 PM UTC-4, Ed Huntress wrote:


There is no problem with Social Security. That's another myth.

--
Ed Huntress

You might make a fuller explaination of this.

Read the whole thing, Dan. It says about the same thing that was said
in 1987. Socieal Security needs another adjustment like it had it
1988. It's not a catastrophe. It's just the result of changing
demographics.

And, if the Medicaid projections for the rest of the century hold true
(both accounts are intermingled), we're all screwed anyway, SS,
Medicare, or not.

--
Ed Huntress



I did not say it was a catastrophy or that it could not be solved. But it sure sounds like a problem to me.

Those reports are always cautionary, telling Congress that it has to
act within a certain timeframe or there will be bad consequences. That
isn't anything new. It's the nature of the beast.

You know how the age demographics are going in this country (and most
western countries, plus some Asian countries). Sooner or later, you
either have to increase taxes or decrease benefits. There is no magic
lottery that will pay for it all.

If Congress acts fairly soon, the adjustments will be modest. Look at
what happened in 1988.


Say you are driving in your car and blue smoke starts coming out of the exhause pipe. That is a problem. Sure it can be fixed, but it is going to take money to do it. And you might have thought you were going to spend the money on something else.

If you have blue smoke and you didn't have a clue it was coming,
that's one thing. When demographic and actuarial statistics give you a
30- or 50-year warning, that's a different thing.

--
Ed Huntress


Dan