@nxnn But it would be so easy to fix the program... wasn't there a paper somewhere that said given current trajectories, a 1% increase in the OASDI tax would fix the projected shortfall in SS for over 100 years?
@nxnn So the average student (with loans) owes about $20k to the Federal gov't. You'd trade a $20,000 lump sum today for all future SS benefits that you would accrue? I doubt that would be actuarially sound...
@nxnn Federal student loan debt is chump change compared to private, isn't it? That would be an idiotic trade for someone to make. Also wouldn't forgiving the student loan debt remove a huge asset from the federal balance sheet?
@BigFish Another idea I had was to have treasury forgive fed student loan debt in exchange for SS benefits at retirement. Those enrolled would continue paying payroll taxes as normal (or slightly reduced depending on impact) but would stimulate economy by removing debt
@BigFish it's all paid for from general fund revenue anyway nothing is tied to SS. So printing money and borrowing just as we do now, but with knowledge that future liabilities are substantially reduced.