by Higgenbotham » Sat Jul 26, 2025 3:27 pm
viewtopic.php?p=18523#p18523
This post from 2013 started a discussion about preparation, timing and depth of the collapse that went on for several pages. I think we're getting a lot more clarity now about timing of the coming collapse.
For example, this hit the wires yesterday (almost universally ignored, of course):
The Social Security trust fund could face insolvency by late 2032, per CRFB estimates.
That would trigger a 24% automatic benefit cut—about $18,000 annually for a dual-earning couple.
LOS ANGELES - Millions of seniors could face devastating cuts to their Social Security benefits in just over seven years, according to a new analysis released Thursday by the Committee for a Responsible Federal Budget (CRFB).
The report projects that the Social Security and Medicare trust funds are on track to run out of reserves by late 2032. When that happens, federal law requires that payments be limited to incoming payroll taxes, triggering an automatic 24% benefit cut for retirees unless Congress acts.
The cause, in part, is linked to new tax provisions under the One Big Beautiful Bill Act (OBBBA)—a sweeping piece of legislation that reduced revenue into the trust funds, speeding up depletion.
https://www.livenowfox.com/news/social- ... -2032-crfb
In 2013 it was still kind of theoretical. Most of my time nowadays is being spent preparing for collapse.
https://gdxforum.com/forum/viewtopic.php?p=18523#p18523
This post from 2013 started a discussion about preparation, timing and depth of the collapse that went on for several pages. I think we're getting a lot more clarity now about timing of the coming collapse.
For example, this hit the wires yesterday (almost universally ignored, of course):
[quote]The Social Security trust fund could face insolvency by late 2032, per CRFB estimates.
That would trigger a 24% automatic benefit cut—about $18,000 annually for a dual-earning couple.[/quote]
[quote]LOS ANGELES - Millions of seniors could face devastating cuts to their Social Security benefits in just over seven years, according to a new analysis released Thursday by the Committee for a Responsible Federal Budget (CRFB).
The report projects that the Social Security and Medicare trust funds are on track to run out of reserves by late 2032. When that happens, federal law requires that payments be limited to incoming payroll taxes, triggering an automatic 24% benefit cut for retirees unless Congress acts.
The cause, in part, is linked to new tax provisions under the One Big Beautiful Bill Act (OBBBA)—a sweeping piece of legislation that reduced revenue into the trust funds, speeding up depletion.[/quote]
https://www.livenowfox.com/news/social-security-benefit-cut-2032-crfb
In 2013 it was still kind of theoretical. Most of my time nowadays is being spent preparing for collapse.