Welfare in the West is a pyramid scheme. you paid for your elders and so do we
the problem is that
1.there are less working for more retired
2. The welfare schemes were designed for people to live only 5 to 10 years of retirement, whereas people live longer now
3. the government didn't keep the money separately but used it to pay for other things
Net result, the scheme WILL fail, the only question is when.
“The problem is that either your generation or mine (30 somethings) will be paying and not getting anything.”
I’m not yet 50, I suspect that neither of us will get a dime, but that, again, is not the point. The point is that until the system does collapse and the checks stop, there will be no holding back the socialist tide.
Republicans don’t even try anymore, it’s so unpopular - and it didn’t matter who we nominated. The GOP is merely for a slower approach to socialism.
You’re right about this: “Net result, the scheme WILL fail, the only question is when.”
It could fail gradually or suddenly. The politics of last night say it’s going to be suddenly.
goodn’mad — RFE is correct. the time when SS implodes is most likely going to hit you in your retirement years. The problem is that there is just not enough money — even if the entire fed goes into bankruptcy.