Re:Moody’s strips U.S. of triple-A credit rating
by fkfyshroglk on Friday May 16, 2025 @08:26PM
(#44011024)
Paying out 77% of benefits is not the same as running out of funds. You are still guaranteed payments while anyone in this country is making income.
Re:Moody’s strips U.S. of triple-A credit rating
by johngladtj on Saturday May 17, 2025 @07:14AM
(#44013465)
Try paying only 77% of your mortgage and let me know if the bank thinks that you're not in default.
Re:Moody’s strips U.S. of triple-A credit rating
by fkfyshroglk on Thursday May 22, 2025 @07:28PM
(#44068262)
Again, social security is not a mortgage and is not even remotely comparable to one.
Re:Moody’s strips U.S. of triple-A credit rating
by johngladtj on Friday May 23, 2025 @03:49AM
(#44070805)
You're right, mortgages are consensual.
>Without legislative changes, trust fund reserves are projected to be depleted in 2033 for the OASI fund.[16] Should depletion occur, incoming payroll tax and other revenue would be sufficient to pay 77 percent of OASI benefits starting in 2035.