Quote:
Originally posted by lendaddy
Think of it this way:
The system currently turns a profit. It has more money coming in than going out. It also has a nest egg, the sum of those profits over the last several decades. Think of that nestegg as its net worth.
By 2042 this nestegg will be gone or "exhausted" and the program will have a negative net worth combined with less income than outlays. This is precisely what bankrupt means. If you think the ability to pay ANY percent of your bills means you can't go bankrupt.......well I can't help you understand this.
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So the official government SS site is lying too?