Megan McArdle Says:
Every time I write anything about Social Security, I get at least one person arguing that everything is fine because after all, the trust fund is not going to run out until 2036 or so.
I want to assume good faith, but I have a hard time believing that anyone takes this argument seriously. Today, because social security payments exceeded revenue, we’re going to either have to raise taxes, or borrow more money, in order to cover the benefits.
How would this be different if we didn’t have the trust fund?
So when they say such utter drivel are they ignorant? Or part of the scam?
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