Social Security was designed as, maybe for lack of a better term, a pyramid scheme. When FDR got it passed, the average mortality age of Americans was far lower. Most were never expected to ever collect it. It was an easy way for the government to quietly confiscate money from workers to fund the its programs.
As people started living longer, it all started to come due to the government. SS is not in a "lockbox" or whatever ****ed up term you leftist goons call it. The money floats wherever the government needs it. If you ass clowns didn't major in feminist studies or English, you might know how to read a simple financial statement or a budget.
The explanation is even more complex, but those are the pertinent points.
Ralphie's civics lesson for lurking DUmmies on a Friday. If you think I'm wrong, come on over & tell me SPECIFICALLY why.
Ralph, courtesy of wikipedia:
https://en.wikipedia.org/wiki/Ponzi_schemePonzi schemes occasionally begin as legitimate businesses, until the business fails to achieve the returns expected. The business becomes a Ponzi scheme if it then continues under fraudulent terms. Whatever the initial situation, the perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.[1]
The scheme is named after Charles Ponzi,[2] who became notorious for using the technique in 1920.[3] The idea, present in novels (for example, Charles Dickens' 1844 novel Martin Chuzzlewit and 1857 novel Little Dorrit each described such a scheme),[4] was actually performed in real life by Ponzi who with his operation took in so much money that it was the first to become known throughout the United States. Ponzi's original scheme was based on the arbitrage of international reply coupons for postage stamps; however, he soon diverted investors' money to make payments to earlier investors and himself.[1]
Social Security as it currently exists is not for the benefit of future recipients, but has turned into the sole revenue for uncounted millions of its recipients who through no fault, or plenty of fault, of their own are unable to sustain any sort of life without that monthly check. Meanwhile, the ratio of workers toiling only to have too much of their paychecks confiscated by an overarching federal bureaucracy in order to pay off grandpa and grandma monthly, shrinks year by year. My young adult children have no confidence whatsoever that they will EVER see one thin dime of benefit money should they attain the then official Social Security Administration's criteria for full retirement benefits.
Eventually, if no one manages to reign in the excesses of our federal government, we as a nation will implode fiscally a la Weimer Republic or Zimbabwe (apologies to the CC'er who first mentioned them as examples since I don't recall the poster). Obviously the liberals were fast tracked through the public education system since none of them seem to comprehend in the slightest the stark truth that monetary resources must exceed, or at least equal, money expended.
