Quote:
Originally Posted by Riot
The truth of it is that Social Security is fine for a long time, years and years, and doesn't need more than a tweek. So laugh away. Especially at those who have been ginned up to believe otherwise, that's it's some disaster about to befall us, or a secret Ponzi scheme doomed to fail. False.
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When a fund that is supposed to have $3.6 trillion actually has zero but $3.6 trillion in IOU's from an entity that held only 1 percent of the principal and the only way 'investors' will ever get a return is if 'new investors' are either forced or coerced to pay for that return, there is no secret. It is a Ponzi scheme.
Again not a dime of future SS taxes should be spent on anything but SS benefits. The IOU's should begin being paid off with 'real assets' not special issue promises. Doing this alone would reduce the debt by $3.6 trillion and force DC to control / cut spending while protecting our own.