Hey dipshit ….you need to read your own links before posting them.You're the dipshit who doesn't know what IN THE BLACK means. It means revenues exceed expenses on a current operating basis. If you have to go to the well to cover your current expenses - e.g., dip into savings, reserves, endowments, credit lines or so on - then by definition you are operating IN THE RED.
Just because SS will be taking in less than it spends does not mean it is not in the black, it is in the black.
They are now starting to spend money that was set aside.
My God....most people retire and start this same process , those with half a brain and a little luck have socked back money for retirement and will draw it down. Do you consider people like that in the red?
Please read the whole article. It is not even broke after it spends down its savings in 2035. It will by law have to cut expenditures by 20%. Originally Posted by WTF
And I never said SS was going broke. You're the one who always whines about it paying out more in benefits than people put in. Or did you change your ficklefuck mind again?