Quote:
Originally Posted by cashflyer
This concept confuses me. People here on Pelican have made the argument that the SS trust is not something I pay into that I later collect out, but rather that I am paying for the current recipients and when I get old the workers then will be paying me.
So - how does it run out? Running out implies a volume of something that is depleted. Given the Pelican information, there is no bucket of money to run out of. The only way it runs out is if people quit paying.
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The amount of money SS takes in is independent of what it sends out. So some years the inflow is greater than the outflow, and that was the case when we had a lot of workers making good wages. In 2010 the dollars going out began exceeding the amount coming in and that isn't expected to ever change. So when the surplus that has been built up is gone, something's gonna have to give.