Quote:
Originally Posted by JayLeininger
Originally, the SS Act was designed to have workers give the government money while they worked, then have it returned when they retire. Due to government mis-management of the contributions and benefits, the fund is going bankrupt.
Both individual contributions and benefits already disproportionately benefit lower income workers.
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There is no shortage of excuses. If, I recall from my reading, when first passed there were 14 workers for every person collecting today it is 2.
Mis-management? The ten year treasury is now paying 1.5%. The CPI consumer price index is 5.8%. Social security is buying treasuries. Buying your own debt.