What happens when social security starts paying out more than it brings in? It’s going to happen sooner than you think.
Right now social security is projected to be upside down in just five years.
In addition, the Disability Insurance trust fund will start paying out more than it brings in by 2028.
Those who advocate for bigger government, more spending and big promises need to look at the promises they’ve already made but can’t hope to pay for and those of you who think government promises equal guarantees need to take a hard look at our current situation.
Three things are going to happen over the next twenty years.
1. Taxes are going up.
2. Promises will be broken.
3. Standards of living will fall for many who thought their government guarantee would provide for them.
Don’t fall victim to the lies our politicians tell us. It will cost you dearly down the road.