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Which is why Social Security is not a Ponzi Scheme
It is funded
Social Security’s scary unfunded liability - Social Security Report
Laurence Kotlikoff, writing an op-ed in The Hill, laments that no one is addressing Social Security's $43 trillion unfunded liability, up $9 trillion from last year. Buried at the end of the April 2019 Trustees report, he calls it "the most important and scariest number in the report" and notes...socialsecurityreport.org
The unfailing answer of every loon. We just have to spend more.Fear mongering based on faulty projections
Social Security needs to be adjusted. Gradually raise the full retirement age to 70, double the contribution limit to your first $250,000 and that liability will disappear
Congress just needs to step up
That's what I've been saying. It's worse than a Ponzi scheme. It's a Ponzi scheme you're forced to join.Which is why Social Security is not a Ponzi Scheme
It is funded
You are forced to join society and must live with what is best for allThat's what I've been saying. It's worse than a Ponzi scheme. It's a Ponzi scheme you're forced to join.
No, you don't get to play that. Granting sovereignty to the government is conditional on government following the fucking rules - the Constitution. If some of you want to abandon that, the deal's off, and things will go to shit in a hurry. Which is kinda what's happening, isn't it?You are forced to join society and must live with what is best for all
You don’t always get your way
No, you don't get to play that. Granting sovereignty to the government is conditional on government following the fucking rules - the Constitution. If some of you want to abandon that, the deal's off, and things will go to shit in a hurry. Which is kinda what's happening, isn't it?
The Courts have failed us. But you go on with your campaign, and watch the house of cards continue to crumble.Yea…most people who don’t like a Government program whine that it is not Constitutional
Why don’t you take it to court?
Social Security has been law for over 80 yearsThe Courts have failed us. But you go on with your campaign, and watch the house of cards continue to crumble.
There's a direct relationship between liberal ambitions for expanding state power and the reactionary Trumpster movement. Again, the agreement is conditional. Government can't rule people the way you'd like. Even if they are in the minority.
Beats me. They fucked up though. And now we're paying the price.Social Security has been law for over 80 years
Why haven’t your Conservative Courts declared it Unconstitutional?
Social Security is very popularBeats me. They fucked up though. And now we're paying the price.
You seem to be missing the point. Quite deliberately, I'm sure. "Popular" doesn't mean "something we get to force on everyone".Social Security is very popular
Except from ultra Conservatives who want to kill it
You seem to be missing the point. Quite deliberately, I'm sure. "Popular" doesn't mean "something we get to force on everyone".
Which is why the founders set up provisions to avoid the way democracy usually works.Yea, that is usually the way Democracy works
Which is why the founders set up provisions to avoid the way democracy usually works.
Because like you most Americans are idiotsSocial Security has been law for over 80 years
Why haven’t your Conservative Courts declared it Unconstitutional?
Because like you most Americans are idiots
Exactly. If that's not a solid indictment of democracy, I don't know what is.Well, we did elect Trump
A ponzi scheme uses current investors to pay out past investors. How is this not exactly what SS is doing?SS funds are used to pay existing retirees
Ponzi schemes never pay out for 80 years
A Ponzi scheme is not covered financiallyA ponzi scheme uses current investors to pay out past investors. How is this not exactly what SS is doing?
