Quote:
Originally Posted by dvarapala
You'll never see a reduction in benefits as long as Boomers have a vote. 
With a decline in the working population look for the employers to be soaked for the needed increase. Right now they pay half and the employee pays half; look for that proportion to shift as the trust fund runs dry.  |
There hasn't been any actual money in the so-called trust fund for decades. It's just full of IOUs -- the politicians drained the SS fund. Benefits are paid out of the general fund.
Gov. takes in X amount of dollars and it spends X amount of dollars, which is always more than it takes in -- all the while being 34 trillion in debt.