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To: kabar

I guess in your eagerness to post your blather and fancy chart you missed the part of my post where I agreed Social Security needs to be reformed. Severely and soon.


14 posted on 10/20/2012 7:58:59 AM PDT by upchuck (Porn, cheaper than dating.)
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To: upchuck
I didn't miss it. Yes SS needs to be reformed because it is a Ponzi scheme that is unsustainable. By 2030 there will be just two workers for every retiree. It is actuarily unsound. Unlike Medicare, it can be fixed fairly easily.

The fact is that the taxes you pay into this scheme don't belong to you. SCOTUS made that quite clear in Flemming vs. Nestor. You could pay into the system for 50 years, die before you were eligible for benefits, and your estate would not receive any assets except for a small burial allowance.

The point of the "blather and fancy charts" is to dismiss widely held views that somehow the entitlement programs are not welfare. In fact, they are in terms of benefits received and the way they are calculated. They are unsustainable and will consume the entire federal budget if not reformed. We can't afford them.

19 posted on 10/20/2012 8:22:47 AM PDT by kabar
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