“but at least there are some protections for us, because it is a program”
What protection? If Congress will loot your money they will loot ALL your money. Social Security is a joke and they can cut benefits even further at any time.
here is a little tidbit for you...every year the house has to authorize payment of social security benefits, and the senate has to appove it also....so, in essence, 500 or so people can deny social security to the people at any time.....contrary to popular belief, social security is paid out of the general fund, and as such subject to approval every year...
You said they could cut benefits any time. True enough. That’s true of ANYTHING. But I doubt they’d cut it 50% in one week, like what has happened to my 401k. And so far, the benefits haven’t been substantially cut in my lifetime (I’m 54).
‘Nuff said.