AMUSING - WHO CARE ABOUT US?
I thought this might be amusing to some here. Talk about being slow to act - Talk about Passing the Buck - make sure you include this in any message you might send to the AARP or your legislator on this matter.
We need compromise - IF we don’t compromise on a solution . . . . . well, I am not sure where that will leave us except to start planning for around a 20% cut isn benefits come about 2033 - 2035.
Do you think they really care about you and me or is it just their own way that they support. Again talk about SLOW to act on such an important matter - at least important to us - To Them, well not so much.
I am posting the ending paragraph of every Social Security Trustee report that I could easily access since 2009 - I have listed the various links to each of these reports in case any of you want to see the analysis of any of the years.
2009 - https://www.ssa.gov/OACT/TR/2009/II_conclu.html#86802
If no substantial action is taken until the combined trust funds become exhausted in 2037, then changes necessary to make Social Security solvent over the next 75 years will be concentrated on fewer years and fewer cohorts:
The projected trust fund deficits should be addressed in a timely way to allow for a gradual phasing in of the necessary changes and to provide advance notice to workers. Making adjustments sooner will allow them to be spread over more generations. In 2009, Social Security plays a critical role in the lives of 52 million beneficiaries and 160 million covered workers and their families. With informed discussion, creative thinking, and timely legislative action, present and future Congresses and Presidents can ensure that Social Security continues to protect future generations.
2010 - https://www.ssa.gov/OACT/TRSUM/2010/index.html
But while it is projected that the Medicare HI Trust Fund is adequately financed until 2029, and the Social Security OASI and DI Trust Funds are adequately financed until 2040 and 2018, respectively, the significant longer term financial imbalances of the programs still need to be addressed. The sooner action is taken to address the long-run financial imbalances, the more reform options will be available, and the more time there will be to phase in changes so that those affected will have adequate time to prepare.
2011- https://www.ssa.gov/OACT/TRSUM/2011/index.html
Conclusion
Projected long-run program costs for both Medicare and Social Security are not sustainable under currently scheduled financing, and will require legislative corrections if disruptive consequences for beneficiaries and taxpayers are to be avoided. The financial challenges facing Social Security and Medicare should be addressed soon. If action is taken sooner rather than later, more options and more time will be available to phase in changes so that those affected can adequately prepare.
2012 - https://www.ssa.gov/oact/TRSUM/2012/index.html
Conclusion
Lawmakers should address the financial challenges facing Social Security and Medicare as soon as possible. Taking action sooner rather than later will leave more options and more time available to phase in changes so that the public has adequate time to prepare.
2013 - https://www.ssa.gov/oact/TRSUM/2013/index.html
Conclusion
Lawmakers should address the financial challenges facing Social Security and Medicare as soon as possible. Taking action sooner rather than later will leave more options and more time available to phase in changes so that the public has adequate time to prepare.
2014 - https://www.ssa.gov/oact/TRSUM/2014/index.html
Conclusion
Lawmakers should address the financial challenges facing Social Security and Medicare as soon as possible. Taking action sooner rather than later will leave more options and more time available to phase in changes so that the public has adequate time to prepare.
2015 - https://www.ssa.gov/oact/TRSUM/2015/index.html
Conclusion
Lawmakers should address the financial challenges facing Social Security and Medicare as soon as possible. Taking action sooner rather than later will permit consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.
2016 - https://www.ssa.gov/oact/TRSUM/2016/index.html
Conclusion
Lawmakers have many policy options that would reduce or eliminate the long-term financing shortfalls in Social Security and Medicare. Lawmakers should address these financial challenges as soon as possible. Taking action sooner rather than later will permit consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.
2017 - https://www.ssa.gov/oact/TRSUM/2017/index.html
Conclusion
Lawmakers have many policy options that would reduce or eliminate the long-term financing shortfalls in Social Security and Medicare. Lawmakers should address these financial challenges as soon as possible. Taking action sooner rather than later will permit consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.
2018 - https://www.ssa.gov/oact/TRSUM/2018/index.html
Conclusion
Lawmakers have many policy options that would reduce or eliminate the long-term financing shortfalls in Social Security and Medicare. Lawmakers should address these financial challenges as soon as possible. Taking action sooner rather than later will permit consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.
2019- https://www.ssa.gov/oact/TRSUM/2019/index.html
Conclusion
Lawmakers have many policy options that would reduce or eliminate the long-term financing shortfalls in Social Security and Medicare. Lawmakers should address these financial challenges as soon as possible. Taking action sooner rather than later will permit consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.
2020 - https://www.ssa.gov/oact/TRSUM/2020/index.html
Conclusion
Lawmakers have many policy options that would reduce or eliminate the long-term financing shortfalls in Social Security and Medicare. Lawmakers should address these financial challenges as soon as possible. Taking action sooner rather than later will permit consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.
2021 -https://www.ssa.gov/oact/TRSUM/2021/index.html
Conclusion
Lawmakers have many policy options that would reduce or eliminate the long-term financing shortfalls in Social Security and Medicare. Lawmakers should address these financial challenges as soon as possible. Taking action sooner rather than later will permit consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.
2022 - https://www.ssa.gov/oact/TRSUM/2022/index.html
Conclusion
Lawmakers have many policy options that would reduce or eliminate the long-term financing shortfalls in Social Security and Medicare. Taking action sooner rather than later will allow consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.
2023 - https://www.ssa.gov/oact/TRSUM/2023/index.html
Lawmakers have many options for changes that would reduce or eliminate the long-term financing shortfalls. We urge Congress to consider such options for both Medicare and Social Security, like the proposal for Medicare in the President’s FY24 Budget. With each year that lawmakers do not act, the public has less time to prepare for the changes.
2024 - https://www.ssa.gov/OACT/TRSUM/
Lawmakers have many options for changes that would reduce or eliminate the long-term financing shortfalls. Taking action sooner rather than later will allow consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.
Wanna bet that the 2025 one when issued shortly will say the same thing?