[sickoflibs]

RE :”Here’s a video that explains why a privatized or “personalized” Social Security system is the only way of dealing with the current system’s bankruptcy without screwing younger workers.”

Younger workers must get screwed anyway because retirees demand their checks and both party pols will make sure they get thembeing terrified of their votes. That is why they make believe there is a real trust fund when its just funded by national borrowing, still screwing them.

So the younger workers will either pay it with payroll taxes or addition to national debt, which was Bush proposal. They do both now.

Alternatively Ryan's Medicare brainstorm proposed passing cuts that wouldnt (any of them) go into effect for 10 years, which still screws them. They pay the bills for 10 years, the remainder from borrowing, then when they retire they are told 'out of luck sorry' . Still a scam that tries to protect those who pass it (except it was too obvious.)

[Rusty0604]

They still believe that there is a trust fund even though during the last debt limit debate Obama got in front of the people and threatened not sending out Social Security checks.

[Founding Nephew]

Younger workers must get screwed anyway because retirees demand their checks and both party pols will make sure they get thembeing terrified of their votes. That is why they make believe there is a real trust fund when its just funded by national borrowing, still screwing them.

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The simple solution is to float the retirement age to maintain annual break-even solvency. Some generations might need to work longer (certainly longer than the artificial and unsustainable early retirement currently offered), but no generation gets ruined, and the nation doesn’t get ruined.

Same for medicare.