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Old 04-08-2020, 06:45 PM
Paper1 Paper1 is offline
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Quote:
Originally Posted by Rebel Pirate View Post
Once we started down that road (Social Security and Medicare) there is no way to go back to the beginning ... and no off ramp. Both are good examples of (well intended) social welfare. But, the mathematics has changed. In 1945, there were 42 workers supporting each social security recipients. By 2010, there were 3 workers supporting each recipient.

Is Social Security a Ponzi scheme? Well, not really. But, there are some differences and similarities. I think the biggest similarity is that both are doomed to financial collapse after the passage of sufficient amount of time; that's not gonna happen anytime soon mind you, but it WILL happen. The biggest difference is that one is legal and one is illegal.
You are exactly correct although many on this forum will complain it is politics, it is not it is just facing honest but very uncomfortable facts. Numbers don't lie. Thank you for post and painful honesty.