That’s the sort of comment I expect from someone who hasn’t cited any actual history or data- or perhaps looked at any. Rather than just pretend you’re an expert who gets to decide what is information, why not show us why we should believe you? I’m listening.
When- not if- the funds the funds become insolvent, the law mandates a 20% across the board cut in benefits. You should know that. I’m sure you’ve published in refereed journals. So have I. There are more than enough journals out there to support every set of beliefs.
Pretending that SS indebtedness isn’t a part of US indebtedness because Bill Clinton signed a document is self-delusion, particularly given how much of the SS fund consists of IOUs from the Treasury.
You’re still confusing cash flow with solvency. I suppose you can be forgiven, as most elected officials make the same error, whether intentionally or from ignorance. If the account doesn’t have enough assets to cover its obligations, it’s insolvent. That’s true for banks, hedge funds, and the SSA.
As if there were no negotiations and no compromises.
CATO?
I have no idea what you’re trying to express here.
That's because you're spreading's disinformation.
That’s the sort of comment I expect from someone who hasn’t cited any actual history or data- or perhaps looked at any. Rather than just pretend you’re an expert who gets to decide what is information, why not show us why we should believe you? I’m listening.
Actually, I'm the guy with the peer reviewed paper on the default threat to the Social Security trust fund.
Beneficiaries are not paid from the general funds. Won't be even if there is a default. You haven't addressed the solvency of the funds...
When- not if- the funds the funds become insolvent, the law mandates a 20% across the board cut in benefits. You should know that. I’m sure you’ve published in refereed journals. So have I. There are more than enough journals out there to support every set of beliefs.
Pretending that SS indebtedness isn’t a part of US indebtedness because Bill Clinton signed a document is self-delusion, particularly given how much of the SS fund consists of IOUs from the Treasury.
In the year 2034. Still solvent today. As a matter of law the trustees can get priority.
You’re still confusing cash flow with solvency. I suppose you can be forgiven, as most elected officials make the same error, whether intentionally or from ignorance. If the account doesn’t have enough assets to cover its obligations, it’s insolvent. That’s true for banks, hedge funds, and the SSA.
SSA is not now, nor has it ever been insolvent.
I’ve pointed out your error several times. I’m not going to continue to do so every time you repeat it.
You've set up a false scenario...The U.S. government has never defaulted on its debt, nor on Social Security retirement .payments.