Now that's ridiculous. Since government saves none of the money paid into social security, it ensures your children will have to write checks to you, it protects them from nothing
I didn't say it was well run. I am saying that the system operates like I-Don't-Want-To-Live-With-My-Inlaws insurance. Absent SS, you would have a large increase in your welfare rolls.
I disagree with you. It does not ensure your children will pay anything. We contribute today on the basis that future generations will do the same. There is no guarantee, though.
Welfare - government takes someone else's money and gives it to you
Social security - government takes someone else's money and gives it to you
You, we need social security or we'd have to pay more welfare ...
That is your definition of welfare. Here is the version of Websters : " a government program for poor or unemployed people that helps pay for their food, housing, medical costs, etc" Here is my article on Social Security and the meaning of words :
The Dueling Myths of Social Security : FedSmith.com
"Today the debate about Social Security isn’t about the financial future of the system. It is about controlling the meaning of words. Victory in this environment is measured in repetition rather than reason. So the process reduces a sensible discussion to an emotional trigger of 140 characters or less."