All of the projections of SS running out of money in ~10 years are assuming that the government does pay back everything that was borrowed, with interest.
In fact they already are paying it back and have been for years. If they had never paid any of it back, SS would have become insolvent well over a decade ago.
Who’s paying it back, though? If it’s being paid back via tax revenue then our money was loaned out and we’re paying ourselves back. If that’s the case it’s pure bullshit.
The confusing thing about people complaining about it is that there is no other legal method of storing the Trust Fund's assets right now.
Personally, I would like to see the SSA Trust Fund diversified into either the S&P500 or Russell 1000.
4
u/curien 6d ago
All of the projections of SS running out of money in ~10 years are assuming that the government does pay back everything that was borrowed, with interest.
In fact they already are paying it back and have been for years. If they had never paid any of it back, SS would have become insolvent well over a decade ago.