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To: evad
It became a full blown PONZI scheme when congress decided to include all of the taxes collected as part of the "general fund".

But no President, no Congress, and no Supreme Court has ever said, right out, that your FICA taxes belong to you.

If they did that, it would be a Ponzi scheme.

But the truth about SS is easily available to anyone who wants to know.

76 posted on 09/08/2011 7:56:41 AM PDT by Jim Noble (To live peacefully with credit-based consumption and fiat money, men would have to be angels.)
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To: Jim Noble; All
The Supreme Court has said flat out that no one has a "right" to any specific amount of SS payment. It's not an annuity...

I think that if we really wanted to help senior citizens we'd get interest rates up so that they could stretch their savings.

86 posted on 09/08/2011 9:09:07 AM PDT by Notary Sojac (Nothing will cure the economy but debt deleveraging, deregulation, and time.)
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