Just checked and the interest bearing accounts are paying 2-3% to SS, and that's only because the rate was set a few years back. That doesn't even keep up with inflation, and I mean actual inflation/cost of living as opposed to the gov't reported "inflation rate" which excludes so much of the actual costs of things. It's not sustainable and it's inaccurate to claim that SS is actually achieving any fund growth due to interest.
I will agree that demographics are a major player in the problems SS has. But was recognized decades ago, in fact IIRC it was recognized when the program began, but ignored. If we want it to survive, the very first thing we have to do is go to means testing. If you have a pension that would meet a certain level, you don't get SS- period. I imagine my wife and I would fall into that category. Lets start treating what SS has become as what it is- an entitlement- and accept that only certain people are going to get it. Not public employees like me, not the military, not union workers, teachers, etc. And tell all the people still working that they are going to be paying the bill and a great many of them will never see a dime of it. Explain to them that's it's their responsibility to plan for their retirement. I'd like to see the politician of any party that has the backbone to get up and say that out loud.
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Today's Featured Article - Ford Super Dexta - by Anthony West. The rusty blue tractor caught my eye as my truck zipped by the farm implement business. It looked so fornlorn amongst the lineup of newer equipment. But it was just the right size for my small farm. I stopped in and asked the proprietor for further information. "It's a 64 Ford Super Dexta", he said. "It's a tough little tractor, although it's a hard starter being a diesel and all." He did manage to get it running, compliments of a can of ether. Once started it putted along pretty good. It
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