{"id":5486,"date":"2010-02-07T13:58:00","date_gmt":"2010-02-07T13:58:00","guid":{"rendered":"http:\/\/blog.beliefnet.com\/jesuscreed\/2010\/02\/will-your-ssn-be-a-thing-of-th.html"},"modified":"2010-02-07T13:58:00","modified_gmt":"2010-02-07T13:58:00","slug":"will-your-ssn-be-a-thing-of-th","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/jesuscreed\/2010\/02\/will-your-ssn-be-a-thing-of-th.html","title":{"rendered":"Will Your SSN Be a Thing of the Past?"},"content":{"rendered":"

What will happen to Social Security? Jack Cafferty, the most lovable curmudgeon I follow, got it going on this topic the other day at CNN.com<\/a>. Here’s a bit and I wonder what you think:<\/p>\n

<\/div>\n
\n
First it was the banks and car companies… and now it looks like Social Security is the next in line for a taxpayer bailout.<\/span><\/div>\n

<\/span><\/div>\n
Fortune Magazine’s Allan Sloan writes that for the first time in 25 years – Social Security is taking in less than it’s spending on benefits.<\/span><\/div>\n
<\/p>\n

That’s because For decades – the government has been using the surpluses from the nation’s largest social program to pay for other things; and now Social Security is running out of money and pretty much consists of IOUs……..<\/p>\n

Things haven’t been so bleak for the government trust fund since the early 80s – when it came very close to running out of money. Back then, the government wound up trimming benefits and raising taxes – which led to the significant cash surpluses.<\/p>\n

Meanwhile Social Security already provides more than half the income for most retirees; and with millions of people seeing their home values and stock portfolios slashed, this probably means they’ll become even more dependent on social security in the future.<\/p>\n

<\/span><\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

What will happen to Social Security? Jack Cafferty, the most lovable curmudgeon I follow, got it going on this topic the other day at CNN.com. Here’s a bit and I wonder what you think: First it was the banks and car companies… and now it looks like Social Security is the next in line for…<\/p>\n","protected":false},"author":70,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5486","post","type-post","status-publish","format-standard","hentry","category-public-issues"],"yoast_head":"\nWill Your SSN Be a Thing of the Past? - Jesus Creed<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/jesuscreed\/2010\/02\/will-your-ssn-be-a-thing-of-th.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will Your SSN Be a Thing of the Past? - Jesus Creed\" \/>\n<meta property=\"og:description\" content=\"What will happen to Social Security? Jack Cafferty, the most lovable curmudgeon I follow, got it going on this topic the other day at CNN.com. 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