11-19-2016, 08:26 PM
(11-19-2016, 04:58 PM)Eric the Green Wrote:
I agree with the spirit of this, but not with the numbers. Even if Congress pays back the money, social security will be far from solvent. Social securiity has always been a ponzi scheme.
Social security will not last in its present form to gen X. I think most X would prefer to recognize that fact and phase it out in favor of something else. In fact, I suspect most would be willing to subsidize boomers in order to get the phaseout - maybe putting half their money into the trust fund to pay off the boomers - if the other half were put into individual accounts where the ownership was clearly theirs, rather than the present system where they have to trust the government.