re: Social Security could end in 2035

quote:

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Social Security is never going away.
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Disagree

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You disagree because you have no idea what SS is, or who is benefitting from it.

SS is not going away.

SS is not going away because it is the least expensive debt vehicle for a government with a massive spending problem. As the SSTF dwindles so does the government's benefit as a borrower. Hence the dog and pony show about rebuilding the trust fund.

SS is your personal loan to Uncle Sam. He badly needs to borrow your money. That is the reason for the emphasis on keeping SS in the black while everything else runs at a 30% deficit.

That is why Washington DC will not eliminate SS, will not privatize SS, will not shrink SS. To the contrary, the effort from DC will be to grow SS, to exact more money from working Americans, likely in exchange for an even more paltry ROI.

The DC crowd intimates that saving SS is about helping retirees. For the most part, folks pushing to "fix" SS do not give a rat's arse about retirees.

They only care about preserving a program which forces Americans to lend the government money over their entire working career. After 40-50 years, the program slowly returns borrowed money back to the worker at a pathetic rate of return set by the government, under the auspices of a "retirement benefit."

Summing it:
Uncle Sam is SS's beneficiary. He forces you to lend him money at terms he sets. Then when/if he pays you back at all, he mislabels you as the beneficiary..

Until you understand that, you're the patsy at the poker table.