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Reply #21: That would be the funds for this year alone.. [View All]

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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-21-10 10:22 AM
Response to Reply #11
21. That would be the funds for this year alone..
Not the entire SS trust fund.


<snip>
“When the level of the trust fund gets to zero, you have to cut benefits,” Alan Greenspan, architect of the plan to rescue the Social Security program the last time it got into trouble, in the early 1980s, said on Wednesday.

That episode was more dire because the fund could have fallen to zero in a matter of months. But partly because of steps taken in those years, and partly because of many years of robust economic growth, the latest projections show the program will not exhaust its funds until about 2037."
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