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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (1163906)9/13/2019 7:54:10 PM
From: Wharf Rat  Read Replies (1) of 1583407
 
"The next generations will figure something out."

They'll have to; we can't get it done. Maybe it'll be like last time; wait until 6 months before the money runs out to make an adjustment. Never do today what can be put off for 30 years.

1982 ANNUAL REPORT, FEDERAL OLD-AGE AND SURVIVORS INSURANCE AND DISABILITY INSURANCE TRUST FUNDS

This section summarizes the more important developments since the 1981 Annual Report was issued and describes the major features of this year's report. These topics are discussed in more detail in later sections. Financial status of the trust funds Without corrective legislation in the very near future, the Old-Age and Survivors Insurance Trust Fund will be unable to make benefit payments on time beginning no later than July 1983.
ssa.gov

SUMMARY OF THE 1983 SOCIAL SECURITY TRUSTEES REPORT: OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE PROGRAM

EXECUTIVE SUMMARY The Social Security Amendments of 1983 have restored the financial integrity of the Social Security cash benefit program for many years into the future. The program is now estimated to be adequately financed during this decade based on all four sets of actuarial assumptions used in the 1983 Trustees Report. On the basis of all but the most pessimistic of the four sets of assumptions used, the program is now estimated to be financially sound over the next 75 years.

ssa.gov
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