Wry Catcher
Diamond Member
- Banned
- #41
Problem is now government already has to pay more for it than it generates.
The recession made it go into bonds but it should be back to surplus this year. there have been other years where this has happened but for most of the history of the program, it has run surpluses. Social Security can in no way be blames for the national debt.
So anyway the SS has resulted in a lot of government surplus that should not be there, as it needs to be paid back to retirees when they retire.
::sigh:: What, you think they should have put the cash in a big vault somewhere? The surpluses were invested in special treasuries and have been collecting interest.
Social Security is not and never has been a Ponzi Scheme. It is an intergenerational transfer payment system and it has worked, marvelously. Before Social Security, almost 30% of seniors lived in poverty. Since Social Security, virtually none do.
Sadly your argument falls on deaf ears, callous conservatives don't care if seniors need to sell apples and pencils on the street. They simply don't care about others; for them, "it's all about me".