The Motley Fool is the first to admit that some if the ideas in this article are “absolutely insane.” But Congress can’t ignore the mess they’ve created any longer…
If the trust funds run dry, the Trustees predict that an across-the-board benefits cut of up to 21% may be needed to sustain payouts through 2090. For the roughly 25 million retired workers who currently count on Social Security for at least half of their monthly income, this is a terrifying outlook.
The Washington insiders continue to play accounting tricks and kick the problem down the road all the time spending money that doesn’t belong to them. I’m interested in hearing what you think.
