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From: Dimensional Traveler <dtravel@sonic.net>
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Subject: Re: the future long term financial apocalypse of the USA
Date: Thu, 23 May 2024 18:04:16 -0700
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On 5/23/2024 3:28 PM, Lynn McGuire wrote:
> On 5/23/2024 11:31 AM, Scott Lurndal wrote:
>> Paul S Person <psperson@old.netcom.invalid> writes:
>>> On Wed, 22 May 2024 15:55:03 -0500, Lynn McGuire
>>> <lynnmcguire5@gmail.com> 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.