I wonder if some states could nullify Social Security and replace it with their own program with the same withholding percentage set to go into effect in 24 months.
The withholdings could just go into private accounts that hold Treasuries; citizen just gets a payment stream starting at 65 until their account is empty, remainder goes to a named beneficiary or estate like life insurance. An insurer could be contracted to administer the program.
How does that work, does the Justice Dept have to sue the state that nullified to get into the courts if no one else has standing ?
The Feds might actually like the idea at this point because they’d be buying Treasuries.
If they buy T-Bills, the CITIZENS will sue.
I haven't studied the SS situation enough to know if there's ANY way to fix it. The idiots we sent to DC to run this railroad have misappropriated and mismanaged the "trust" fund til there's nothing in it and hasn't been for years. It has been their private slush fund to tap as needed for favors and votes. Damn their hides!
IL state workers do that.
My wife doesn’t pay SS on her teachers salary. Of course, that money is gone.