2015-07-22latimes.com

``The pending cash crunch in the disability fund is one of those slow-motion -- and largely self-created -- crises that Congress usually fails to resolve until a deadline hits. The latest report sets that deadline, the date when the disability trust fund will hit insolvency, for late next year. After that point, tax revenues will cover only about 80% of scheduled disability benefits, unless Congress acts to fix the system.'' -- And of course, the false-comfort nonsense is repeated that the main SS fund will be "solvent until 2030" now. That is technically true, except this "solvency" includes SS selling Treasuries starting in 2020 (if not earlier), adding pressure to the debt, instead of self-funding, as the Social Security component of government outlays does currently.



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