[Reily]

I don't know how you can say that it was not ever set up in an actuarial sound fashion. In fact the insurance executives who testified to Congress regarding the SS bill predicted it's current state of financial catastrophe. Of course then just like today Congress was convinced it could simply repeal reality as long of the consequences appeared on some future Congress later watch.

[PeterPrinciple]

I don’t know how you can say that it was not ever set up in an actuarial sound fashion.

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I said that is the way the sold it as an insurance program. But that is not what they did.