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No. of Recommendations: 59
...the claim is that Social Security has a current liability of almost $15 trillion. If so that's more than your cited inflows over 80 years of operation

Sigh. This is as dumb as saying "Oh, no, my families' grocery bill liability for the next 20 years is $400,000! Whatever will I do?"

Well, someone without all the false paranoia might say "Aren't you going to have a paycheck for the next 20 years? Perhaps you can pay it out of that."

The "liability" isn't important if you have an income stream to support it. WalMart has debt and liabilities. IBM has debt and liabilities. Do you see them freaking out and going into worrywart miasmas in their annual reports? No?

If the US economy collapses, then yes, there will be trouble. There will even be times when the inflows and outflows do not match, and the difference will have to be made up elsewhere. That happened during World War I. And World War II. And the Civil War. And the Revolutionary War. And the Great Depression. And 11 years in just the Social Security bailiwick since 1935.

If Republicans are determined to wreck the system, they can do it. I suspect, as Dwight Eisenhower once told them, if they do it will be the end of that party, particularly such a high percentage of seniors depend on it, since such a high percentage of seniors vote, and since such a high percentageof seniors vote Republican (at the moment.) If they - and you - would calm down and stop trying to wreck it, it will be fine. It has required adjustments since it began (what program, corporation, partnership, or household hasn't?) and it will require more going forward.

Some people are determined to make this an unsolvable problem. It isn't, but that won't stop people from posting nonsense like "quacks like a pyramid."
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