Investors lose a trillion dollars in one day

[Riot]

Originally Posted by joeydb

Not the total debt. Doesn't that mean that it is always a drain and cannot carry it's own burden as a program? If most people get out more than they put in, that seems to be the case.

What it means is that now, for the first time in history - never in the past - there is slightly more coming out than going in. That is why full benefits now would extend to 2037, with only 78% benefits after that. Because 2037 is when we would first see that problem.

So we make a little tweek to fix it for decades. Hardly the disasterous failure you falsely portray it as. Very successful program. Has made 100% of it's payments for decades, and will readily do that until 2037 doing nothing else. Then 78% after that. Doing nothing else.

So it will be tweeked in the near future, so that after 1937, 100% gets paid out then, too.

Now, if you don't want to be a participatory American patriot in this society, and you don't want to contribute to our common good as a society - MOVE ELSEWHERE

If you think preventing old people from starving on the street in ill health is a bad thing - MOVE ELSEWHERE