Joe Economist
Council Member
The SSA released it report on Social Security. The projected run-dry date has not changed. I have an email into the actuaries on some of the assumptions. The page on SSA's site provides a link to assumptions from 2010, which would reflect conditions at the peak of the Financial Crisis.
The headlines are not showing the deterioration in the fundementals of the system. The unfunded liability grew from 20.5 trillion to 23.0 trillion while the 75 years solency exposure grew about 10% to 9.6 trillion. So the deterioration isn't just because of the weak economy as you have been told by the 'experts'.
Here is the difference between fixed and solvent. Fixed means that you have no problem. Solvent is the cost to make our problem a problem for our children.
The headlines are not showing the deterioration in the fundementals of the system. The unfunded liability grew from 20.5 trillion to 23.0 trillion while the 75 years solency exposure grew about 10% to 9.6 trillion. So the deterioration isn't just because of the weak economy as you have been told by the 'experts'.
Here is the difference between fixed and solvent. Fixed means that you have no problem. Solvent is the cost to make our problem a problem for our children.
