Path: ...!eternal-september.org!feeder3.eternal-september.org!news.eternal-september.org!.POSTED!not-for-mail From: Dimensional Traveler Newsgroups: rec.arts.sf.written Subject: Re: the future long term financial apocalypse of the USA Date: Thu, 23 May 2024 18:04:16 -0700 Organization: A noiseless patient Spider Lines: 47 Message-ID: References: MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8; format=flowed Content-Transfer-Encoding: 8bit Injection-Date: Fri, 24 May 2024 03:04:14 +0200 (CEST) Injection-Info: dont-email.me; posting-host="12a1567172936f43496b5c6a59115226"; logging-data="2109457"; mail-complaints-to="abuse@eternal-september.org"; posting-account="U2FsdGVkX1+YlmJk6o1qPQ+hxWx+puwv" User-Agent: Mozilla Thunderbird Cancel-Lock: sha1:79xnLrk8UscJ694PKEi2izHCQyc= Content-Language: en-US In-Reply-To: Bytes: 2972 On 5/23/2024 3:28 PM, Lynn McGuire wrote: > On 5/23/2024 11:31 AM, Scott Lurndal wrote: >> Paul S Person writes: >>> On Wed, 22 May 2024 15:55:03 -0500, Lynn McGuire >>> wrote: >> >>>> BTW, I suspect that USA Social Security will be means tested in the >>>> not=20 >>>> too distant future.  The means testing will be whether or not you >>>> own a=20 >>>> home. >>> >>> /That/ will piss off a lot of people. At last! An issue the 1%-ers and >>> the home-owning lesser mortals can agree on! >> >> Lynn pulled that out of his posterior.    There hasn't even been any >> rational discussion of means testing outside of SSI (Suplementary >> Security Income). >> >> And when it has been brought up, >> >>    "Proposals to 'means-test' Social Security - by cutting benefits for >>     higher-income retirees - wouldn't save significant money unless they >>     cut benefits for middle-class retirees as well; such measures would >>     also pose high administrative costs." >> >>   ... >> >>    "These facts argue for addressing Social Security's financing >> shortfall >>     primarily through revenue increases -  a position that the >> majority of >>     people in the United States strongly support." >> >> https://www.cbpp.org/research/social-security/social-security-benefits-are-modest >> >> Not likely to happen. > > Time will tell.  The horizon is short, 2019 at the latest with the USA > running a $4 trillion deficit this year. > So Social Security collapsed five years ago? -- I've done good in this world. Now I'm tired and just want to be a cranky dirty old man.