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Congress

Hoyt

(54,770 posts)

14. Read the Trustee's Reports from Obama's Admin. That's not Russian, it's a fact.

Reply to SCantiGOP (Reply #13)

Sat Mar 21, 2020, 02:10 PM

Mar 2020

And, now, the conditions are much worse.

"Conclusion

"Under the intermediate assumptions, DI Trust Fund asset reserves are projected to become depleted in the third quarter of 2023, at which time continuing income to the DI Trust Fund would be sufficient to pay 89 percent of DI scheduled benefits. Therefore, legislative action is needed soon to address the DI program’s financial imbalance. The OASI Trust Fund reserves are projected to become depleted in 2035, at which time OASI income would be sufficient to pay 77 percent of OASI scheduled benefits. . . . . . . "

https://www.ssa.gov/OACT/TR/2016/tr2016.pdf

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Online Rumor Pelosi wants to shut down SS Administration [View all] HockeyMom Mar 2020 OP

Yup friend of mine works for social security in Chicago. They are now working from home mucifer Mar 2020 #1

Look for a run on pitch forks and tiki torches! Not a chance that is true, but the half-wits brewens Mar 2020 #2

There is no way in hell Sherman A1 Mar 2020 #3

That's Absurd - Seniors Are High Risk To Begin With.... global1 Mar 2020 #4

Russian psy-ops at its finest. nt Phoenix61 Mar 2020 #5

Not likely. However, if this situation continues to deteriorate, don't be surprised at some of Hoyt Mar 2020 #6

I think the only change that's coming is to remove the cap on income subject to SS payroll taxes. stopbush Mar 2020 #9

Yeah, if there are still high incomes to tax and we still have to pay increased benefits to those Hoyt Mar 2020 #11

You are correct. Just moving the cap a bit higher would be an improvement. LastDemocratInSC Mar 2020 #12

saying that social security payments could be delayed, ended or reduced SCantiGOP Mar 2020 #13

Read the Trustee's Reports from Obama's Admin. That's not Russian, it's a fact. Hoyt Mar 2020 #14

Is this supposed to bolster your point? SCantiGOP Mar 2020 #15

No, my point was, and still is, that the deficit will get worse with millions unemployed. Hoyt Mar 2020 #17

Bullshit jpak Mar 2020 #7

They always go too far with the outlines of their anti-D hoaxes. stopbush Mar 2020 #8

It's from a satire site. TwilightZone Mar 2020 #10

There is a forum for Creative Speculation SCantiGOP Mar 2020 #16

False Cosmo Blues Aug 2020 #18