On the recordFebruary 10, 2016
In some ways, it is actually more complicated, which I wasn't going to go there, but let's do it for the fun of it. The Social Security revenues will be subject to the whims of the economy. So you might have 1 month where you are able to pay out more and the next month you are paying out less because of the whims. You also no longer have the interest revenue. If I handed you $2.8 trillion today and paid you 3.1 percent, that is what is going into the trust fund today. That is all gone. The interest revenues are gone. {time} 1915 This is a double whammy we are talking about. That is why you never, ever, ever want to get anywhere near these numbers. You fix it long before. Because every day we wait, it gets harder to deal with. Remember, my calculations are that in about 22 months we start to move into principal balance. We start eating our seed corn. And then, every day, the calculations get more difficult.
