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To: FamiliarFace
SS was enacted in August, 1935. At the time, "U.S. life expectancy for a person born in 1935 was just under 62 years, according to records from the federal Centers for Disease Control and Prevention. On average, girls were expected to live to 64 and boys to 60."

And that is how SS got through the Congress. Most people who paid in would not live long enough to collect, and those who did would not collect for long. That would keep the system solvent, and allow for a "Trust Fund" that could be used as a record-keeping device to track how much should be paid in by current workers.

33 posted on 07/09/2021 10:28:39 AM PDT by Bernard (“When once the guardian angel has taken flight, everything is lost”. – William H. Seward, 1/12/1861)
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To: Bernard

So much for government competency in projecting accurately.

Reminds me of one Dr. Fauci.


37 posted on 07/09/2021 10:52:59 AM PDT by FamiliarFace
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To: Bernard

when you live past 60, they expect all to have money in savings or invested to live on...?

welfare is one thing that backfired... did not help like it was supposed to.
The democratic part of government has done nothing to help the black community... they have not improved their inner city schools...they have not fixed their inner city living arrangements... and yet blacks vote dems...


40 posted on 07/09/2021 11:18:12 AM PDT by frnewsjunkie
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