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You are correct about what a Ponzi scheme is, but that description doesn’t fit Social Security. As long as you have people contributing to Social Security, you’ll have money for benefits. A Ponzi scheme rewards the Ponzi and the very first invests, but screws those investors who follow much like a chain-letter does.
Social Security is a pay as you go system; it will never run out of funds. Today the Social Security Trust Fund has about $2.5 trillion in it can pay 100% of the benefits like it done for 75 years. It’s been estimated that about 80% of the benefits will be paid after the Trust fund has been exhausted.
I know you don’t agree, but I really don’t give a ****.
That normally is the position of liberals, they really don't give a **** about anything that counters their personal opinion. There is no question that there will always be new workers paying into SS but it will not be enough to pay for the IOU's in Intergovt. holdings and pay the retiring baby boomers. You are right, you don't give a **** which is probably the truest statement you have made in this forum