forget the Criminal elements, SS depends on an ever expanding group of new members to pay out to the old members. Problem is demographically there is not an ever expanding base comming down the age line. Add in 25% teenage unemployment amoung the reduced population base, and you have a “collapsed” pyramid scheme.
The Ponzi scheme that is SS will continue to get worse, the numbers for the coming years will bring about a Madoff moment. I hope Freidman is not counting on his SS.
Problem is we'll have 1/3 of the population expecting $20,000 in annual social security benefit checks supported by the other 2/3 where the median annual earned income is $44,410. (Then there is all that other gov't spending like defense and the interest on the mountains of debt that Zero has accumulated on his spending binge.) It is basic arithmetic. This is not possible. Denial is not just a river in Egypt.
Correct. The left’s love affair with abortion has robbed the “trust fund” of the “investments” of some 30 million American employees. The scampering about by the permanent political class for a path to citizenship for illegal is all about an infusion of new employees to stave off the inevitable collapse of social security. For the democrats, extra voters is a bonus.