Social Security Will Go Bankrupt In 2013!!
Posted in the China Forum
#1 Sep 18, 2012
The 2012 Social Security Trustees Report—the authoritative source on the program’s finances—states that the program’s “trust fund assets” will “continue to grow” through 2020, a claim that has been repeated by numerous sources as varied as US News & World Report, the AFL-CIO, and the American Academy of Actuaries. However, as revealed by data buried deeper in the 252-page Trustees Report, this assertion disregards the effects of inflation, which are projected to overrun any expected trust fund gains and contribute to an accelerating decline that will start in 2013.
#2 Sep 18, 2012
I pegged it for 2018
#3 Sep 18, 2012
Poor Americans. You can't say we didn't warn them.
Over and over and over again.
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