AMAC In The Media / Politics

A Program Hurtling Toward Bankruptcy

One wouldn’t know it from anything the 2020 presidential candidates have discussed, but most of us have known for years that the Social Security program’s future is in serious trouble. Unfortunately, the 2019 Social Security Board of Trustees Annual Report has reaffirmed that the program is hurtling toward bankruptcy.

The system is comprised of two trust funds. The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays out retirees’ monthly benefits, is under particular distress and is projected to become depleted in 2034. Income coming in from current workers

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Reprinted with permission from - Washington Times - by Dan Weber

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Jack Thomas
1 year ago

One topic the mainstream media never addresses when it talks about the Social Security crisis (let alone even admitting there is one) is abortion. Think about it: Since Roe v. Wade in 1973, an estimated 65 million babies have been aborted. That number is no doubt higher today. Does anyone ever consider the impact those abortions have had in purely fiscal terms? Let’s assume that a significant majority of those 65+ million babies, if they had been born rather than killed, would’ve grown up to become productive adults contributing to American society, paying their taxes —- and contributing to the… Read more »

1 year ago

Such insolvency will for certain occur with any entitlement program. The same will happen with single payer, free college, and any other “free” program touted by the utopians. Government is always based upon lying about true and future cost. They tell us it will cost X while they know it eventually cost 10X. After the program is enacted, who cares. Any federal program always becomes permanent. There favorite BS line is “people will die” without it. Wait a minute. We all die, don’t we. Are the utopians telling us that if we enact their fantasy, none of us will die… Read more »

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