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The Water Cooler
General Discussion
you fix the budget(puzzle)
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<blockquote data-quote="Tom&#039;s Thumb" data-source="post: 1362083" data-attributes="member: 4089"><p>That's not the purpose of social security. You and I paid in to support those who were currently drawing social security. When you and I start drawing social security, that generation's work force will be supporting us.</p><p></p><p>It's the longest running and most successful ponzi scheme in the history of the world. If it weren't sponsored by the US govt, it's operators would be in prison.</p><p></p><p>The problem is that America has killed a whole generation of workers even before they were born and so we have a negative birth rate. There aren't enough workers entering the work force to support those who will be retiring.</p><p></p><p>I've looked at my proposed social security benefits. That's one reason I'm back in school to learn to support myself in a career I can do regardless my age. </p><p></p><p>There will always be social security. It will never fail. The govt will simply print more currency to make the payments.</p><p></p><p>Of course, in that scenario, the currency won't be worth much.</p></blockquote><p></p>
[QUOTE="Tom's Thumb, post: 1362083, member: 4089"] That's not the purpose of social security. You and I paid in to support those who were currently drawing social security. When you and I start drawing social security, that generation's work force will be supporting us. It's the longest running and most successful ponzi scheme in the history of the world. If it weren't sponsored by the US govt, it's operators would be in prison. The problem is that America has killed a whole generation of workers even before they were born and so we have a negative birth rate. There aren't enough workers entering the work force to support those who will be retiring. I've looked at my proposed social security benefits. That's one reason I'm back in school to learn to support myself in a career I can do regardless my age. There will always be social security. It will never fail. The govt will simply print more currency to make the payments. Of course, in that scenario, the currency won't be worth much. [/QUOTE]
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The Water Cooler
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you fix the budget(puzzle)
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