But...there's always a "but"...they're also talking about limiting/drastically reducing Medicare and Social Security. Hold on there, Kemo-sabe. "We the people" have had a contract (some would argue signed under duress) with the government for decades that said we pay now, we get benefits later. Now it's "later", and they're wanting to renege? Better think this one through, Beltway Boyz. All those rabble-rousers from the 60's just might become the new Poli-Grip Panthers.
The Feds don't want to pay me now that I'm on Social Security's doorstep? Fine. They can give me back ALL the money I've paid into those systems, plus market rate interest since I began working, and I'll call the contract off as if it never happened. Cut my SS 25%...then gimme back 25% of what I've paid in plus interest. Fair is fair, Uncle Sam. What's it gonna be?
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The excess surplus for Social Security does actually run out around 2037. Then there will be 2 people working for every one retired vs 3 working for every one retired today.
ReplyDeleteIn short, it is a ponzi scheme.
It is indeed a Ponzi scheme, Bobby. But how can they change the rules in the middle of the game? If you or I took someone's money and then didn't deliver as promised OR return their money, we'd be in prison for fraud. Seems like the same thing to me if Congress reneges on their "contract" at this late date.
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