In the Asia-Pacific region, the basic social security level is low. Only about 30% of the elder people enjoy old-age pension and 20% of the population are covered by medical insurance.

目前，亚太地区基础社会保障水平很低，仅约30%的老年人享有养老金，约20%的居民享有医疗保障。

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With that in mind, the larger the portion of your required income that you can have covered by Social Security, the better.

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With roughly three times more income than needed to honor our Social Security and debt obligations, and with 97% of Social Security spending during the next 10 years covered by revenues already earmarked for Social Security and the remaining 3% having a legal call on general revenues, why would we ever default on either one?

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Hence, virtually all benefits can be paid out of revenues without having to borrow more money from the public, and the relatively small Social Security deficits expected during the coming decade (3% of payroll tax revenues) can and should be covered by earmarking enough general revenues to redeem the Trust Fund IOUs Congress left behind when it looted Social Security during the past 25 years.

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