Advice from a former SSA commissioner
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The man who fixed Social Security when it went broke in the ‘80s has some advice for today’s politicians
John Svahn was SSA commissioner in the early ‘80s during the program’s last major legislative reform
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The last paragraph was slightly reassuring but only slightly.
Robert Reich says that if wages had kept up with inflation, SS would be in far better shape today. It cannot be denied that wages have been stagnant for several decades, hence less tax collected for SS. He's only one economist so it's hard for me to weigh what he says, there seems to be a gamut of opinions amongst economists on practically everything.
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It has a surplus until sometime in the 2030's I believe after which benefits would fall a certain percentage if nothing were done.
A government program with a surplus-- yeah, that sucks.
People like Musk going around calling it a Ponzi scheme which it isn't aren't helping.
The only real problem with Social Security is it works and this makes fools of the people who hate government.
