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smurficus103 t1_jc2bgge wrote

Reply to comment by retrovaporizer in [OC] US Social Security Fund History by PM_Ur_Illiac_Furrows

I've had teachers in grade school talkin' about this since like 2002: there's going to a be a lot of retirees collecting and a lot less kids paying in than ever. Boomers that paid ss their whole life don't feel like their payments should be reduced. Their kids don't feel like they should pay disproportionately more. It's going to be a massive conflict.

Had the fed not used up s.s. as if it were just another federal tax, it would've been fine, i guess

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ktxhopem3276 t1_jc2hl17 wrote

Lots of issue at play but there aren’t a lot more boomers than younger generations. Their were more boomers than previous generations which allowed boomers parents to get a gift. Add immigration and population affects are a wash. One issue is wealthy hoarding money above the payroll income tax cap more so than in the past

> Had the fed not used up s.s. as if it were just another federal tax, it would've been fine, i guess

That has zero affect in solvency. The IOUs are legally obligated to be paid back. This is a fake issue pushed by republicans. The government will find a new buyer of the debt when it comes time for ss trust fund to sell it

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