Social security was a ponzi scheme from day one—it is just a very long con:
Big mistake passing the Unified Budget Act. Reagan got hoodwinked on a few. Immigration reform and the unified budget act both. Remember Graham-Ruddman? Where did it get flushed to?
G-R-H was the only ever reasonably successful attempt at curbing government excesses.
“Social security was a ponzi scheme from day one—it is just a very long con:”
Social Security was never intended to be used as it’s being used now. It was never intended to provide an income for independent living.
Back when it was created, families were tight knit, and upon retirement the parents would move back in with the kids to help raise the grandkids and tend to the homestead. SS was intended as a supplemental income.