I was with ya until this:
Originally Posted by aenlighten
. . . The earlier date, 2018, is largely meaningless as SS debt will be rolled over to public debt. Since there is little politicians like more than debt, this shouldn't represent any obstacle.
The debt, and the impact of the debt (the increasing share of
taxes needed to pay interest on it, etc) will a source of a lot of debate in the coming couple of decades. Politicians will be full of suggestions for handling the issue. Which stands a better chance of being funded:
1) Care for injured veterans
2) Payments to indigents
3) Social Security payments to the rich*
*rich: Individuals with more than $200k in assets in addition to their home, or an annual income greater than $75k (for instance).