DiscApp ID # 175790
Article ID # 1437204
Author Mondo Fuego™
Email
IP 108.67.72.29
Date Fri Sep 9, 2011 13:50:32
Subject With a declining birth rate ...

... the SS problem will become even worse ... fewer young wage earners supporting an increasing elderly population.

SS started out being actuarially sound, but then the evil federal government raided SS's coffers to finance other spendthrift projects, and started paying SS benefits out of the General Fund. As a result, SS is now an inverted pyramid Ponzi scheme that will go bust.

The federal government, with its ever-increasing forcing of socialistic programs on the people, is a great case study in the "Law of Unintended Consequences". They really don't have a clue what the long-term effects of their social engineering will be, and many times, they turn out to be nightmares ... the proof ... look at the federal debt ... money pissed away that does not presently benefit anyone ... and will be a crushing burden on our children and grandchildren, who will become slaves to the holders of the debt.

If the federal government wants to assure that workers will have a base level of financial benefits when they reach retirement age, they should require that each worker put part of their earnings in savings/annuity-type investment vehicles managed by banks or insurance companies so that each worker can monitor their own retirement funds without the government being able to raid their savings and spend it on other wild-assed projects like Obama's idiotic spendthrift "stimulus plans".