Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Ultra Low Interest Rates A Threat To Social Security [View all]I certainly would never trust the sociopaths and thieves on Wall St with this money. But it looks like we can't trust even our most liberal politicians either. I think liberal Dems have a blind spot on this issue and they're blinded by that 2.8 trillion in the trust fund. But the SS Trustees are predicting the trust fund will run out around 2034 and after that it will only pay about 80% of benefits.
There are numerous threats to this program... from the damage the Bush recession did to the fund, to low interest rates to outsourcing higher paying industrial jobs and replacing them with lower paying service jobs, to the current cap. I'd like to see capital gains money finally taxed. Then there's the GOP... a party that keeps getting more and more insane by the day... and they want to destroy SS.
I don't know how old you are but I'll be 65 soon... and I'm not going to delude myself with empty assurances when all the hard numbers and trends are raising red flags.
Edit history
Please sign in to view edit histories.
57 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
From previous reports. Just because they're not online does not mean they do not exist.
jeff47
Mar 2016
#41
Well, yeah Congress can always amend the SS Act. But until they do that, it's pretty much a market
Hoyt
Mar 2016
#28
I think they have driven rates down in the hopes of spurring job creating business.
Hoyt
Mar 2016
#29
And it hasn't worked well because of other issues that only Congress, not the Fed, can address.
strategery blunder
Mar 2016
#47
Agreed. Allowing giant banks to borrow money for free from the taxpayers without no requirement
GoneFishin
Mar 2016
#51