General Discussion

Igel

(37,674 posts)

33. It will be insolvent.

Wed Jun 10, 2026, 06:25 PM

Jun 10

It can mean bankrupt, if you're unable to discharge or meet all debts and that might lead to liquidation but it's not the same thing.

In the case of Social Security, insolvent means it just won't be able to meet all debts and obligations.

1a : unable to pay debts as they fall due in the usual course of business
b: having liabilities in excess of a reasonable market value of assets held
2: insufficient to pay all debts

It's not like the program's going to just be liquidated to pay debts--that's not a risk. It just won't be able to pay out what it's obligated to.

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Social Security benefits could soon be cut by 22% [View all] Yo_Mama_Been_Loggin Jun 10 OP

It's as if nobody saw this coming.... CoopersDad Jun 10 #1

The "third rail"..... SergeStorms Jun 10 #28

It will NOT be "insolvent". It will have a shortfall. And THAT.... CousinIT Jun 10 #2

The shortfall could be avoided if we just got rid of the damn cap!!! SunSeeker Jun 10 #22

That would be forcing the wealthier to pay their fair share.... CousinIT Jun 11 #42

It will be insolvent. Igel Jun 10 #33

There's a simple fix for this. Increase the top dollar amount of a person's income that is SS taxable to 500K. patphil Jun 10 #3

Why raise it to that level and not just remove it entirely? EdmondDantes_ Jun 10 #15

There should be no cap at all. Why do billionaires need the tax break? SunSeeker Jun 10 #24

Raise the salary cap! SocialDemocrat61 Jun 10 #4

They've been gaslighting us for years leftstreet Jun 10 #5

Pitchforks and torches maxsolomon Jun 10 #6

This should be an issue this year. gulliver Jun 10 #7

Last time Mike Johnson uttered "SS cuts" he backed right off because it is the third rail. pat_k Jun 10 #18

Raise the Cap! La Coliniere Jun 10 #8

Right wingnuts obstruct because they want to scream "unsustainable" & "replace with private investment" pat_k Jun 10 #17

Yep. Every Dem. Every comment. Jbraybarten Jun 10 #35

Easier to just kick the can down the road. MichMan Jun 10 #36

But of course, we have trillions for an unnecessary war. bif Jun 10 #9

And an army of thugs and private concentration camps. pat_k Jun 10 #16

Kick BlueWaveNeverEnd Jun 10 #10

The solution is to cut Republicans from our government by 100% LymphocyteLover Jun 10 #11

The shortfall stems from Republican obstruction to increasing cap. pat_k Jun 10 #12

Just raise the FICA taxes by 1% and increase the FICA tax cap by 10%. Jacson6 Jun 10 #13

Should become a major campaign issue for the Democrats. Sogo Jun 10 #14

Time, actually past time, to blast your representatives Old Crank Jun 10 #19

The cap should definitely be raised, but we also need changes in our tax laws. Lonestarblue Jun 10 #20

This is one of many problems we face in the coming years. However, this has to be one of easiest to fix -- just raise Fil1957 Jun 10 #21

Sounds like Al Gore was onto something there fujiyamasan Jun 10 #23

I'm old enough to remember Republicans making fun of Gore City Lights Jun 10 #25

As a SS recipient I hate this...as a Democratic voter I say let's make this a mid-term issue! pecosbob Jun 10 #26

The majority of Trump supporters I personally Sector 001 Jun 10 #27

Vote to lower taxes so we won't need to lower SS. Believe! Festivito Jun 10 #29

changing times tmars505 Jun 10 #30

I live on SS retirement and if this happens I may be living in my car...damn... wcmagumba Jun 10 #31

It was too hard to try and make it on SS alone so I'm working part time Kaleva Jun 10 #38

Social Security Fairness Act signed in Jan 2025 didn't help either MichMan Jun 10 #32

Demographics helps. Igel Jun 10 #34

Raise the Cap! yellow dahlia Jun 10 #37

Will deal with it when it happens orangecrush Jun 10 #39

Raise the cap and then also the rate on the wealthiest JCMach1 Jun 10 #40

Simple: SCRAP THE CAP. Captain Zero Jun 10 #41

Kick dalton99a Jun 11 #43

Vote ONLY for Democrats! MineralMan Jun 11 #44