But unlike the EBT crowd, we paid into it all our working lives.
You (and I) paid taxes our entire lives. There is no social security "lockbox." Every penny Soc. Sec takse in gets loaned immediately to Fed.gov. We'll soon be at the point where outlays on Soc. Sec. will exceed incoming "contributions."
That's why more than ever, Fed.gov must have zero interest rates and quantitative easing. What's next? Direct purchases of Fed.gov debt by the Federal Reserve i.e. ) outright money printing.