They need to quit calling social security an entitlement as though it is welfare. It isn’t. And if they ran it like they were supposed to it wouldn’t be part of the budget. It is paid for as a separate item by employees and employers. It should not be part of the debt, deficit or budget.
What it is, as they run it now, is a giant ponzi scheme.
Where do these silly ideas about about Social Security come from? It's never ever been a pension program. It's always been and was designed as an old age welfare program. The money you paid in over the years was never earmarked for your benefit, it went to pay the old age welfare payments your parents received. There never was an account with your name on it... It's always been a transfer payment from the young to the old.
Where do these silly ideas about about Social Security come from? It's never ever been a pension program. It's always been and was designed as an old age welfare program. The money you paid in over the years was never earmarked for your benefit, it went to pay the old age welfare payments your parents received. There never was an account with your name on it... It's always been a transfer payment from the young to the old.
It is welfare. It has always been a pay-as-you go income transfer scheme. To call it a Ponzi scheme is an insult to all we’ll run Pyramid scams.