Quote:
Originally Posted by Clip-Clop
Losing 10-15% would be far better than losing 100% though, no?
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We haven't lost anything. We've paid 100% of our social security debt on time, always, and always will. Social Security is fully solvent through 2037, and everyone knows it.
Wall Street has always had lobbyists complaining about Social Security, in an attempt to get it out of the governments hands, and into private hands so they can steal what they can from those billions. Screaming that there isn't a pile of actual physical cash sitting there - and that somehow that is wrong?! - is an old, old scam from the Reagan years.
Peoples private retirement funds have been decimated on Wall Street in the past 10 years. Thank god for Social Security as the government fail safe fallback for them. That's exactly what it's there for.