Quote:
Originally Posted by mulligan
I paid into it for 50 years. I earned what I'm getting (principle plus interest). If they want to change the rules, do it for those just starting. There are plenty of other ways to reduce the debt.
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The SS system has never been based upon getting your "principle plus interest". The benefits are simply whatever congress sets. We have no contractual right to current benefits, which is why some members of congress can be considering reductions for people of certain income and wealth levels. Generally, earlier generations received much more in benefits than P +I . That does not mean that congress should ignore the fact that many people made retirement decisions in reliance upon their expected SS benefits.