All who work get social security taken out of their checks. Some people don't live long enough to get social security. It is not possible to have more people drawing out than is put in because you have to work to get the money and the money is taken from your paycheck and is not just something the government hands you.
I did not say more people are drawing out than putting in.
I said the percentage of people drawing out is increasing and the percentage paying in is decreasing.
If putting in ten cents a day worked when the over-65 population was 5.4 percent, that same ten cents a day will not carry the present day 15 percent that is now over 65. Especially since the percentage paying in is shrinking.
Something has to give. Basic math.
G is correct, he is not misleading you. Something has to change, because the amount of people paying per person drawing has dropped dramatically.
If G is being honest also-------------->the plan could NEVER have been solvent for the long term. Even if our wonderful politicians hadn't spent the money on us, the day of reckoning would have been just pushed down the road.
There are many, many, many ways to fix SS. Problem is, to fix it, some group is going to take a bath. That is why politicians don't want to fix it.
But I betcha G and I both agree that our biggest problem is not SS, but rather Medicare. This is a REAL problem coming quickly, and politicians are going to have to do something, like it or not, or the party is over!
No offense to G, but my personal opinion is----------->this is one reason the Democrats want Medicare for all. They can hide the shortfall by folding it into the new program, then raising taxes by telling all the new recipients that if they don't pay, no healthcare!