Yep, it is the mother of Ponzi schemes. Tens of trillions of dollars taken from the people with the promise that it will be there when they retire, except the politicians have been using it to fund their pet projects from the very beginning and putting worthless IOUs that must be paid back by the people who the politicians stole it from in the first place.
You got it. The best and most succinct, descriptive, and accurate statement I have ever read on the subject. I love it. I would only add that most of it will be paid back by the children, grand children, and great grandchildren, great-great grandchildren, etc. of the people they stole it from. Those of us currently on the entitlement programs are getting back far more than we ever paid in. Is this a great country or what?