What to expect Washington to do, and what you should do about Social Security’s bankruptcy! In Part One of The Truth About Social Security we shared the latest news from the program’s Trustees: the retirement fund will be out of money by 2033. Government accounting is funny.  The retirement fund is already out of money, but they don’t have to face reality the same way a private business does.  Nevertheless, it will have to face the accounting reality by 2033 that it is broke.  In the meantime, we are not government, so we should face the reality today that the net present value of the unfunded liabilities of the US government, including Social Security, Medicare, and Medicaid is $100,000,000,000,000. That is ONE HUNDRED TRILLION DOLLARS! That is the amount of money that Washington would need to be set aside today to fully fund future obligations for programs like Social Security, Medicare, and other entitlements. But of course there is no

Better start putting away more gold and silver coins! What do you need to do about Social Security?  Simple.  Start putting away more gold and silver coins for the future. That’s because the Social Security Trust Fund is in deep kimchi.  Simple put, there are no funds.  There is no security.  And don’t even think about trusting it. Here’s the latest from the new Social Security Trustee’s Report. Social Security is critical for 70 million beneficiaries and 185 million covered workers and their families this year.  Nevertheless, Social Security’s costs have exceeded income every year since 2021.  Costs exceed income again in 2025.  This year’s deficit is larger than last year’s. Social Security’s Old-Age & Survivors Insurance (OASI) Trust Fund – that’s the retirement fund – will be depleted by 2033.   There are two additional points to make, both essential.  The first has to do with shifting demographics.   When Social Security began there were 160 workers for each retirement recipient.  Today there