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re: Social Security and Medicare will be Insolvent in the 2030s

Posted on 10/5/23 at 5:52 am to
Posted by ronricks
Member since Mar 2021
7286 posts
Posted on 10/5/23 at 5:52 am to
Hell I’d take half my SS contributions to this point and walk away and be happy. I’ll never see a dime of SS and I’m fine with that as I have planned for it.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124628 posts
Posted on 10/5/23 at 6:27 am to
quote:

I’ll never see a dime of SS and I’m fine with that as I have planned for it.
The thing separating SS from a straight-up ponzi is the 14th Amendment. Every contribution you've made to SS has been immediately transferred to a US debt obligation. So the odds heavily lean to you seeing SS in some form.

It's just important for folks to see SS for what it is. It is Uncle Sam borrowing your money, holding it for 40yrs, then returning it to you incrementally at a terrible interest rate under the auspices of a "benefit."
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