I wonder when the Powers-That-Be will realize that the increasingly lengthy lockdowns will accelerate the period at which the Social Security Trust Fund will run out of money and SSRI payments will be paid from the smaller revenues alone?
Understandably, the Social Security actuaries have passed on predicting what the effects of the lockdowns will be on the trust funds but without taking that into account the Social Security Retirement Trust Fund has enough money to pay the full promised amounts until 2034. That will certainly be hastened by so many people being out of work and that will be permanent. Even if the economy bounces back rapidly which increasingly looks as though it will not happen, the trust funds won’t.
Yes, but costs are probably going down, and for Medicare also. Hopefully someone does a halfway believable analysis.
Steve
Perhaps that’s true but I see no evidence of it, at least not yet. If anything the evidence I see is in the other direction.
Regardless, that doesn’t change the demands that will be placed on the Social Security Trust Fund. To the best of my knowledge only upwards adjustments are made not downwards.