re: Texas GOP member of house introduces bill to radically change social security

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Social Security is not a Ponzi scheme.

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It didn't start that way. Very few young people know how it started. They have no idea how it developed and think their money is simply going to paying for old people.

Truth is I was forced to invest my money into SS. I had no choice. I have an account in my name. My SS number is the number to get into my account which has a record of my contribution as well as what I have received since retirement. I saw that record on their computer 2 times.

Instead of investing these contributions congress raided the money calling it a loan. It is on the budget record. Funding the account has to be voted on each time the matter goes before congress. A government shut down means my next check will be late.

Most young people seem to think they are supporting us old geezers. Fact is they are just paying more money into the gov't. That's gov't income which will be used to pay us what they owe the people that have already paid and are now retired.

I would say that since they haven't invested it for us but has spent it and is using your money to fund my account this may qualify as a ponzi scheme. Maybe the largest ponzi scheme ever.