Sure they do when the government is running them. If SS was run by a private company, it would have declared bankruptcy 50 years ago.Ponzi schemes don't last almost a hundred years like our S.S. system has, but trump and the republicans would like to end it. Even the fools that kiss trump's ass even though many of them would be living like paupers were it not for FDR and the democrats.There is no trust fund. S.S. is a ponzi scheme.
No, a private company would have made adjustments every year since its inception.