Do you think this financial crisis could jeopordize Social Security benefits?

Social security is an unfunded liability of the government. The money collected is used to fight wars in Iraq or Vietnam or to bail out banks that made bad loans. The payments to retirees are in effect paid by people who are currently working. Originally there were a dozen or so workers for every retiree. Now it is only three or four to one. so the money coming in does not cover the money going out.



I think the government will just deepen the national debt and keep on paying SS benefits until the government goes bankrupt.Do you think this financial crisis could jeopordize Social Security benefits?
No all the baby boomers retiring at one time is what effects that SS benefits.
Not necessarily. I think the bigger problem are those who are finding ways out of paying social security on their income. That's whats hurting the economy more than the financial crisis. The crisis is temporary. The illegal stuff going on with people not paying their fair share, that's a bigger and growing and more long term problem.Do you think this financial crisis could jeopordize Social Security benefits?
NO, the first guy is correct. And government spending as well. They don't hold all of the SS money for future payouts, they allocate this money to other government programs. Thus, the new taxes from the current generation keeps money going to the Boomers. Our government is pathetic and I don't even factor SSI into my future. I just go based on what I can do for myself.
Of course it could, but it likely wont. It is ignorant to try to point to one thing that will jeopordize any one other thing. A number of bad decisions lead to the cancelation of any given entitlement program or even a program that you paid for like social security. The web of how money goes in and out of our government is very complex. Do you think this financial crisis could jeopordize Social Security benefits?
Absolutely. If there are fewer people working because they got laid off, then the government collects less money in taxes. I don't plan on social security being around when I retire.