I think you have that concept screwed up. It is the people who invented the ponzi scheme that screwed the country. The prior generation invented social security and counted on screwing the income of the boomers to pay benefits to them...benefits they never made any contributions to cover. Now, the boomers complete a lifetime of work and find their contributions were handed to the prior generation of ponzi looters. There isn't anything there for people who actually paid for a lifetime.
I just heard of a new social security entitlement. It is paid for a disability termed "authority aversion". This is a bureaucratic label for people who refuse to work.
I take your point, but the boomers are the ones who have turned social security into their own personal piggy bank for social programs that they refuse to fund on a current basis.
Estimates of the coming insolvency of the SS fund are in the realm of 2020. Solutions involve privatization for younger employees and moving the eligibility age up for thouse nearing retirement. The current law allows the collection age to be at 62.5 and 65. Watch for this to raise with an effectivity that defines where privatization should be started.
The real problem with doing anything about SS is the democratic party via the AARP tells the country's elderly (who vote like crazy) that the republicans are gonna throw them out on the street.
Current babyboomers should already have made plans to supplement SS, since the living on SS is pretty skimpy.
"Authority aversion"? Kuuuwel . . . I've had that all my life but I never dreamed the government would pay me for having it. Just when you thought they couldn't get any goofier . . .