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The really sad part is that if govt. had kept its hands off the money and invested it even at a six or seven percent rate of return by now so much income would be generated that no new taxes would be needed. Instead the country faces financial ruin in a few years. It will be interesting to see how the ruling class gets out of this one. I am so glad I am not in this corrupt system.

If you think about the situation in which SS was created, you will realize that they didn't really have a choice. they needed funds RIGHT NOW to start paying benefits RIGHT NOW. THey started paying benefits immediately with the funds that were just collected. There is no way the public would have agreed to start paying into a system with the PROMISE of a program sometime in the future that would pay benefits to a select few.....YEAH RIGHT....who would have gone along with that back then? Banks were defaulting and people were losing everything. I don't think there were any options at that time.