Isn't it funny to hear all these media talking heads suggest cuts to OUR S.S. money ?

[magick]

Raise the income caps as needed .... Problem solved .
Sounds to me like the biggest " entitlement " is corporate welfare and tax loopholes to the rich .
@ Kathy : Well said .

[Alan Turing]

It is amazing how blind some people are. Social Security doesn't have a money problem. The Republicans have a sanity problem.

[massivegun433]

It's amazing they always want to cut SS or Medicaid first - obviously there's no other wasteful gov spending anywhere else - yeah, right.

[voicelesspollution641]

"Raise the income caps as needed "

FVCK YOU.

[Kathy]

I don't think it's funny, I believe all political people in office should pay into ss and only get a pension if they served for 25 years, not one or two. Also once they are out of office they should pay their own health insurance, office , and aides that they may use for whatever... Media heads should stick to report the news and most of their opinion's are just that opinion's.. not facts ..

[Sagebrush]

No it isn't funny!

Why don't they cut the Department of Education? Or the EPA.? Or funding for 'fast and furious'? Or funding for the prosecution of Sheriff Apaio. Why did Obama just give $100 Billion to the UN for the fictitious Global Warming?

This last year they gave SS recipients a raise but it didn't cover the raise in ObamaCare.

[Leslie Goudy]

Doesn't this make you feel safe - Why do some people describe the "special issue" securities held by the trust funds as worthless IOUs? What is SSA's reaction to this criticism?

As stated above, money flowing into the trust funds is invested in U. S. Government securities. Because the government spends this borrowed cash, some people see the trust fund assets as an accumulation of securities that the government will be unable to make good on in the future. Without legislation to restore long-range solvency of the trust funds, redemption of long-term securities prior to maturity would be necessary.
Far from being "worthless IOUs," the investments held by the trust funds are backed by the full faith and credit of the U. S. Government. The government has always repaid Social Security, with interest. The special-issue securities are, therefore, just as safe as U.S. Savings Bonds or other financial instruments of the Federal government.

Many options are being considered to restore long-range trust fund solvency. These options are being considered now, over 20 years in advance of the year the funds are likely to be exhausted. It is thus likely that legislation will be enacted to restore long-term solvency, making it unlikely that the trust funds' securities will need to be redeemed on a large scale prior to maturity.

I love the fact that Congress and the Prez can raid the cookie jar at any time don't you?