Social Security has been back in the news lately. I forget the year it is due to go broke, I think the date for either SS or Medicare is 2019. Anyway, I was wondering how a means test would work? It seems to me like it would almost have to be based on income, not net worth. Anybody have a feel for this?Gup Social Security is already broke. The government has already spent the money. The government has been perpetuating a sham on the citizens. They made up the idea of a "trust fund" to make people feel better, but in reality, what the government has done is like moving money from your left pocket to your right pocket before spending it. Either way, the money is gone.The real issue isn't when SS will go broke, because it is just a bookkeeping transaction. Social Security "lent" the money to the government, which is like lending money to yourself before spending it. The real issue is the financial situation of the entire government, which is getting rapidly worse as our politicians buy our votes with our money. Check this out:http://boards.fool.com/Message.asp?mid=20533819
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra