Let’s start with the obvious, now and in the future Social Security payments aren’t remotely imperiled. It’s said here over and over again, but rates saying once again, that the surest sign that present and future Social Security payments (including COLA increases) are safe and sound is the certain lack of a “lockbox” or “trust fund.”
In the past, Social Security collections that weren’t sent out to retirees were predictably spent by politicians who exist to spend. In the future, shortfalls in Social Security collections relative to outgoings will be paid for by general revenues flowing into Treasury.
Which is why reform of Social Security, reduced benefits, or delayed retirement age promoted by the various Social Security alarmists and scolds would be such a bad idea.
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