Wow, that's a Dem talking point isn't it ?
Heck, I don't know.
I just coined it for my own use, although it wouldn't surprise me if I'm not the first to use it.
It aptly describes my criticism of plans to "privatize" social security LONG before Enron ever made the headlines.
The BIG LIE that is concealed by both political parties SINCE THE VERY INCEPTION of Social Security is that it is some kind of "retirement savings plan".
It is NOT!!!
It is a socialist redistribution system: Working Americans are taxed and the proceeds are redistributed to those who are less fortunate as a "safety net". (retirees, widows, orphans, etc. -- of course Congress has boogered it up more complicated than this over the last 65 years.)
Nevertheless, there is ABSOLUTELY NO NEED for a redistribution system to accumulate a mult-trillion dollar Trust Fund Slush Fund for Congress to manipulate at its whim. This very behavior in the private sector is punishable by PRISON sentences -- just ask Denny McClain!!!
The GOP plan to "privatize" the system is just a ploy by brokerage firms and financial institutions to dig their grubby mitts into a guaranteed tax revenue stream and skim-off a commission.
In today's modern, computerized world, there is absolutely NO NEED to build up such a HUGE SLUSH FUND for thieves backing either political party to raid. The computation is simple and straightforward:
Monthly benefits payable to eligible recipients would have to be variable rather than fixed for the system to work. But it WOULD work indefinitely WITHOUT any "concern" about becoming "insolvent".
SS is a REDISTRIBUTUION SYSTEM, NOT a SAVINGS PLAN!!!
Sleaze-bag politicians of BOTH PARTIES perpetuate THE BIG LIE to scam literally TRILLIONS of DOLLARS from the American People!!!