Quote:
Originally posted by bilmore
Question for SocSec experts:
Conventional wisdom (which is about the sum of my SS knowledge) holds that SS is rapidly going bankrupt, in dire straits, etc.
Kevin Drum keeps saying it's actually in fine shape and just needs a little tweaking.
??
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I'm not an expert, so I have onnly questions and not answers.
How does he define "a little tweaking"? Every time anyone talks about, say, increasing the retirement age by 2 years, the elderly and near-elderly throw a hissy fit.
Does he assume that the government IOUs held by social security are worth anything? I believe that makes a significant difference, but am not sure. I operate on the assumption that I will get 0 from Social Security, and hope only that, if and when the time for tough choices arises, the choice is not to triple my taxes in order to pay for the retirement of the Baby Boomers.
