I hope retirees save something out of their social security checks. The system is going to crash and they’ll be awful hungry. It ticks me off to see money taken out of my paychecks that I’ll never see back.
Government employees (teachers, all) will shut down funding to all other government programs (including SS) to keep their salaries going. That, in government that will default due to lack of sustainable revenues (manufacturing and properly competitive agriculture with many small operations).
My stomach was already in knots before reading this well written analysis of our government’s nice little ponzi scheme wrapped up in accounting methods legal only for politicians - not private business. Now I’m heading back to the Pepto Bismol for another big gulp.
Ponzi Scheme?