Re: the future long term financial apocalypse of the USA

On 5/11/2024 10:57 AM, Paul S Person wrote:

On Fri, 10 May 2024 15:16:12 -0500, Lynn McGuire
<lynnmcguire5@gmail.com> wrote:
 

On 5/10/2024 1:46 PM, Scott Lurndal wrote:

Lynn McGuire <lynnmcguire5@gmail.com> writes:

For those who are interested in the future long term financial
apocalypse of the USA

>
More dystopian fiction.   Talk about depressing.

>
Yup, just like reality.
>
USA Social Security sent me a letter the other day and said that if I
wait until I am 67 to start taking SS, they will give me $4,000/month.
That is an amazing number.  I am wondering that they are going to send a
hit man instead, much cheaper.

 Before I retired, I referred to such letters as "the annual lie". But
when I created a spreadsheet to compute what the benefit should be ...
I found that the letters were pretty darn accurate.
 

Supposedly Social Security and Medicare are going to hit $2 trillion /
year each in 2030.  That is an incredible amount of money.

 That's two different things, not functionally linked to each other,
but of course you knew that.
 A trillion here, a trillion there -- pretty soon you're talking about
/real/ money.
 It's all a matter of perspective. And longevity. And inflation. And
Congress (both parties, BTW).

One of my friends used to call the USA Congress "The Two Halves Of The War Party".  He would know, he did five tours in Vietnam as USA Air Force Military Police.  Before he passed, he acknowledged that may not have been the best career choice at the time.
Lynn