Investors lose a trillion dollars in one day

[Riot]

Originally Posted by dellinger63

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.

So you are banking on the United States of America ceasing to exist. That is the only scenario that will fullfill your wish for Social Security failure.

You really should consider moving to another country, where you would be happier. Rather than trying to dismantle this country. Move where you are not taxed and forced to suffer by taking societal benefits. That would have to be a second or third world country, though. All the remaining AAA countries have socialized medicine or national healthcare available to all, longer vacation hours, earlier retirement, better pensions, goverment loans for small business startup, maternity leave, etc.

The truth is that Social Security will pay out 100% of it's benefits until 2037, and then pay out 78% of benefits if nothing at all is done. But, like the 20 or so previous times we gave already fixed this "OMG a Disaster!", a small tweek will be made.

Social Security is one of the most successful government programs in the world. It has never missed a payment to any beneficiary.

http://www.ssa.gov/oact/progdata/assets.html

The Social Security Trust fund: