It’s an abomination.
does anybody really think that in about ten years, whether from collapse of the dollar, trillions in debt, paying for millions of immigrant entitlements, we will still be able to pay ss?
nobody really believes that, do they?
If one were to examine socialist stupidity at its inception the retirement age of 65 assumed that most would never make it to that age.
Median life expectancy in 1940 was 61.7 (1940 was the year the first payment was made )
Median life expectancy in 2010 was 78.7
So to infer the same rate of failure to live to the requisite age, the retirement age would have to be like 82 years old.
The entire scheme is based on fraud. One has to question the number of payers where both spouses died before they could collect a dime, versus now, where the average beneficiary collects for 13 years
You can see the impetus for ObamaCare in reducing the median life expectancy to below 65 years to make the program a net generator of revenue, not and outlay.