Posted on 08/21/2025 4:14:39 AM PDT by MtnClimber
I’m eligible in October and it can’t happen soon enough.
The largest ponzi scheme ever made does not work like that. Sorry we are all in the same boat and about to be swamped when the deep state gets back in power.
I agree it’s a Ponzi scheme. What a shame I’m going to miss out. :(
Obama moved it much further into insolvency when he allowed his little friends to get disability and use it for welfare. The debts of medicade are made much worse by giving it to illegals, absurd.
Some reports say SS can be “fixed” by small extension to the eligibility date as in the past somewhat taking care of the fact we just live too long even though we don’t as much as some other countries.
It won’t be fixed, the can is too easy to kick down the road. At best, I probably have less than 20 years to worry about it. It will be more means tested than it is now, just like Medicare is with IRMA and SS is by taxing it. 85% of mine is taxed now. I figure it will eventually be taken away from me by deeming me ineligible though I paid in at the maximum rate every year for 40 years.
The system is insolvent because it has been poorly managed if it was ever managed at all. With or without SS we are facing a time with a huge indigent geriatric population without enough people to care for them when they become not just penniless but also incapacitated. Benign neglect if not outright murder will become common I expect. Not at all a happy future for growing old.
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