SS was always an underfunded government run Ponzi scheme that only worked when more $’s were coming in than going out. .gov is hard broke. Perhaps we will be able to sell more bonds to the chinese to support our SS?
For what it is worth the term lockbox suggest that the funds/chits held in SS are ours. There is nothing further from the truth as it was a tax. What do your heirs get when you die? $200 for burial and zip.
I understand your cynicism, but if you read the legislation you’ll see that it is a matter of restricting the spending of SS funds.
The point here is to ask why they voted against it!
Let Boxer and Reid explain their way out of it....it will be great TV!