Archive for June 6th, 2018

Don’t blame me !

June 6, 2018

This year: Social Security’s first deficit.
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Let me get this straight …

On Monday, I announce my retirement.

On Tuesday, the Social Security Trust Fund – the lockbox that doesn’t have a lock – announces that Social Security will run a deficit this year… 3 years ahead of last year’s future projection.

According to the WSJ:

The Social Security program’s costs will exceed its income this year for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits.

That is, outflows (payments to 61.5 million people like me) – will exceed inflows (taxes collected from current workers and their employers … and, interest earned on the trust’s assets).

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I know there may be a temptation to accuse me of being the straw that broke the camel’s back, but ….

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