{"id":6635,"date":"2010-02-07T13:58:00","date_gmt":"2010-02-07T18:58:00","guid":{"rendered":"http:\/\/www.patheos.com\/community\/jesuscreed\/2010\/02\/07\/will-your-ssn-be-a-thing-of-the-past\/"},"modified":"2010-02-07T13:58:00","modified_gmt":"2010-02-07T18:58:00","slug":"will-your-ssn-be-a-thing-of-the-past","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/jesuscreed\/2010\/02\/07\/will-your-ssn-be-a-thing-of-the-past\/","title":{"rendered":"Will Your SSN Be a Thing of the Past?"},"content":{"rendered":"\n<\/head>

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\u2019s a bit and I wonder what you think:<\/p>\n

<\/div>\n
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First it was the banks and car companies\u2026 and now it looks like Social Security is the next in line for a taxpayer bailout.<\/span><\/div>\n

<\/span><\/div>\n
Fortune Magazine\u2019s Allan Sloan writes that for the first time in 25 years \u2013 Social Security is taking in less than it\u2019s spending on benefits.<\/span><\/div>\n
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That\u2019s because For decades \u2013 the government has been using the surpluses from the nation\u2019s largest social program to pay for other things; and now Social Security is running out of money and pretty much consists of IOUs\u2026\u2026..<\/p>\n

Things haven\u2019t been so bleak for the government trust fund since the early 80s \u2013 when it came very close to running out of money. Back then, the government wound up trimming benefits and raising taxes \u2013 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\u2019ll become even more dependent on social security in the future.<\/p>\n

<\/p><\/span><\/div>\n<\/blockquote>\n<\/body><\/html>\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\u2019s a bit and I wonder what you think: First it was the banks and car companies\u2026 and now it looks like Social Security is the next in line for […]<\/p>\n","protected":false},"author":197,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1732],"tags":[],"class_list":["post-6635","post","type-post","status-publish","format-standard","hentry","category-public-issues"],"yoast_head":"\nWill Your SSN Be a Thing of the Past?<\/title>\n<meta name=\"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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