What???? Where do you come-up with this?
SS is one the most reliable retirement funds available!
yes that is why it is going to run out of money in 2035 because it is so reliable.
do you actually read any information before you jump to conclusions?
This has been threatened and fostered upon us by anti-SS lobbyists ever since I can remember; and it's B.S. It hasn't happened yet, and I've been around quite a few decades.
So you are saying that the trustees that manage the SS funds are lying? what information do you have to support this?
because they are the ones saying it.
I don't know if it should be expanded - but if it is, then it gets funded, like any other program. There's no death sentence here, but the Wall Street lobbyists would like you to think so because the want their greedy hands on this money!
how do you propose we provide more funds? more taxes? hit more hard working people in their pocket so they
can give their money to someone else. frankly I am tired of handing my money over to other people to spend.
Designed to die? Cites, please.
And Ponzi scheme? You're or playing fast & lose with definitions! It's not that at all!
you need to look up the definition of a Ponzi scheme then.
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.
that is social security in a nutshell.
it promises retirement benefits by way of new workers.
while it might invest those funds the bulk of the funding comes from SS payroll tax on workers who they in turn promise
returns with other workers.
when the SS first started there were 36 workers to every person that pulled from the account.
now it is down to like 2 workers for every 1 person.
pretty soon the baby boomers are going to retire. that is going to put a whole new stress on the system.