Originally Posted by Direckshun
You just need to qualify when you say it's not paid for.
It's not paid for in 2035.
Until then, and possibly a little past then, it's paid for.
It's not paid for *now*, until it's perpetually solvent given our best assumptions about demographic changes and economic growth. It's silly to pretend that "SS is paid for" would be an accurate statement if it was going to run out of money next year. It's only marginally less silly to pretend that that phrase is accurate when the insolvency point is 20 years out.
“[Cruz] might not be the most fun to have a drink at the bar with, but America needs a designated driver.” - Mica Mosbacher, wife of the late Robert Mosbacher, Secretary of Commerce