DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**EvaQWmrm** · 01-31-2011, 02:32 AM

There is no more SS surplus. SS went into deficit last year (because of the economy.) Previously that had been predicted to happen in 2017, so we're ahead of schedule.

Social Security has a small yearly deficit right now (it has started to give out more money than it takes in year-to-year) but it has a massive surplus built up of more than $2 trillion built up over the years. That is why, as you say, Social Security may run out of money 30 years from now -- not last year.

But you're correct in that the US is becoming economically irrelevent, and devolving into a third world country.

Thanks for putting words in my mouth. Of course I said no such thing. The world's #1 economy is quite far from irrelevance. But if you're truly concerned about "Third World" conditions in this country and want to help those who really are hurting in a recession -- well, this is a reason to patch holes in the safety net, not wield the scissors.

01-31-2011, 02:32 AM	#20
EvaQWmrm Join Date Oct 2005 Posts 511 Senior Member	There is no more SS surplus. SS went into deficit last year (because of the economy.) Previously that had been predicted to happen in 2017, so we're ahead of schedule. Social Security has a small yearly deficit right now (it has started to give out more money than it takes in year-to-year) but it has a massive surplus built up of more than $2 trillion built up over the years. That is why, as you say, Social Security may run out of money 30 years from now -- not last year. But you're correct in that the US is becoming economically irrelevent, and devolving into a third world country. Thanks for putting words in my mouth. Of course I said no such thing. The world's #1 economy is quite far from irrelevance. But if you're truly concerned about "Third World" conditions in this country and want to help those who really are hurting in a recession -- well, this is a reason to patch holes in the safety net, not wield the scissors.
	Quote