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From: Lynn McGuire <lynnmcguire5@gmail.com>
Newsgroups: rec.arts.sf.written
Subject: Re: the future long term financial apocalypse of the USA
Date: Thu, 23 May 2024 22:00:19 -0500
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On 5/23/2024 8:04 PM, Dimensional Traveler wrote:
> 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?

ARGH !  Sure, we just don't know it yet.  Grin.

Let's try 2029.

Lynn