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From: Paul S Person <psperson@old.netcom.invalid>
Newsgroups: rec.arts.sf.written
Subject: Re: the future long term financial apocalypse of the USA
Date: Thu, 23 May 2024 08:55:19 -0700
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On Wed, 22 May 2024 15:55:03 -0500, Lynn McGuire
<lynnmcguire5@gmail.com> wrote:

>On 5/11/2024 10:57 AM, Paul S Person wrote:
>> On Fri, 10 May 2024 15:16:12 -0500, Lynn McGuire
>> <lynnmcguire5@gmail.com> wrote:
>>=20
>>> On 5/10/2024 1:46 PM, Scott Lurndal wrote:
>>>> Lynn McGuire <lynnmcguire5@gmail.com> writes:
>>>>> For those who are interested in the future long term financial
>>>>> apocalypse of the USA
>>>>
>>>> More dystopian fiction.   Talk about depressing.
>>>
>>> Yup, just like reality.
>>>
>>> USA Social Security sent me a letter the other day and said that if I
>>> wait until I am 67 to start taking SS, they will give me =
$4,000/month.
>>> That is an amazing number.  I am wondering that they are going to =
send a
>>> hit man instead, much cheaper.
>>=20
>> Before I retired, I referred to such letters as "the annual lie". But
>> when I created a spreadsheet to compute what the benefit should be ...
>> I found that the letters were pretty darn accurate.
>>=20
>>> Supposedly Social Security and Medicare are going to hit $2 trillion =
/
>>> year each in 2030.  That is an incredible amount of money.
>>=20
>> That's two different things, not functionally linked to each other,
>> but of course you knew that.
>>=20
>> A trillion here, a trillion there -- pretty soon you're talking about
>> /real/ money.
>>=20
>> It's all a matter of perspective. And longevity. And inflation. And
>> Congress (both parties, BTW).
>
>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!
--=20
"Here lies the Tuscan poet Aretino,
Who evil spoke of everyone but God,
Giving as his excuse, 'I never knew him.'"