Interesting how a newspaper report differs from what the trustees say or maybe it just picking what you want to present.
Note the Trustees refer to the combined trusts for disability and retirement as depleted in 2035. That is hypothetical, there is no combined trust. The retirement trust still is projected to be depleted in 2033.
As has happened in the past, Congress could kick the can again and transfer funds from the DI trust to OASI trust as a temporary band aid.
One thing is pretty certain. Congress will ignore the last paragraph (above) from the Trustees as it has done for well over a decade…but it might build a wall to keep out people, including the illegal immigrants helping to save Social Security with their annual billions in no benefit payroll taxes.
QUINNSCOMMENTARY 
According to the Journal it is not self funding as they gave the $ amount of revenue coming in then going out–solutions will come when there is a crisis–I always thought the president proposed and the Congress disposed–is there a presidential proposal–if there is he’s not campaigning on it.
Did you catch the dufus yesterday on CNN where he sat for an interview. He told the young woman that inflation was 9% when he entered the oval office. As we know it was 1.5% and rose to 9% in June of ’22. I asked my wife if he was just plain stupid or lying? She replied; “both”!
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The hypothetical billions that illegals would pay in will be lost in the billions that it is costing to resettle them. Different accounts of course but it’s all government funds extracted from us.
The funding for SSA needs much discussion and serious consideration before acting. I don’t know if and when Congress will settle down to do that.
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Richard,
The Wall Street Journal published an article yesterday – “Social Security Funds are running dry. Don’t panic.” The article indicates some experts feel there is no need to preemptively deal with the depletion of the Social Security trust fund as full benefits could be continued by financing through federal government general revenue. This method would result in higher deficits and continue to grow the national debt but as seemingly indicated by the article some experts think this is only a problem if economists believe this method would be problematic. It appears some government officials are convinced our spending problem can best be dealt with by keeping it within a reasonable level of GDP. In my view this would possibly be a reasonable approach but I don’t know how to calculate the amount of growth in our GDP that would be required to keep in balance with funding Social Security income deficits through the general fund. Interested in your opinion about this, could this method gain enough support among a majority of our government officials to become the answer to this challenge?
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The last thing we should want is funding SS with general revenue and it becoming part of the budget process. It was designed to be self funding for good reason snd should stay that way. The tax rates should be adjusted every year to maintain solvency and it should be automatic.
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