- Moderator
- #41
Social security is an insurance company..
No, it isn't. It is an inefficient government owned bureaucracy that now pays out more money than it takes in. It's a Ponzi scheme which will eventually dry up if changes aren't made to it.
See, now this is one more lie spawned from ignorance. SS did not pay out more than it took in, which keeps getting repeated.
It paid out the payroll tax from the year plus it drew on some of the year's interest income that it made off the treasuries in the Trust Fund.
You now have 5 seconds to forget you just learned that, so you can happily go back to repeating your lie tomorrow.
No, you're the one who is lying and I've already provided you with a link showing that.