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Originally Posted by dellinger63
The Social Security fund needs to be diversified.
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Damn glad it's
not! We would have lost 1/3 of the funds' value in the past 10 years.
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The Treasury needs to pay back its trillions in IOU's and allow the SS trust fund to be invested in a much safer, diversified portfolio including investments in American businesses, ie jobs!
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Never in a million years. "Safer"? Are you completely unfamiliar with the world? The stock market isn't "safer" . Investing in new business isn't "safer". That's simply absurd!
The fact is that Social Security is completely fine, and it's sound, conservative, safe investment in the United States of America will continue to pay out 100% of benefits as it always has in the past, without any changes, until 2032. The most successful and dependable social program in the world. Has never missed a payment.
At that point, if nothing is done, there is only enough money to pay out 78% of current benefits. That is something readily and simply fixed before 2032, with a small adjustment to the cap. That will continue the program safely and soundly for decades.