[RowdyFFC]

My objection was to Jim Noble’s belief that our seniors programs can be just ‘yanked’ away. And it is my belief that such a step would not be ‘JUSTICE’ to do so. It needs to be phased out. I also don’t buy the ponzi scheme math. I am but one person, contributing. I have two children contributing who already have two children contributing and will eventually have six children contributing. The many many years before my children or their children are collecting a dime. Exponentially, the ponzi scheme thingie maybe needs to be re-calculated. I’m not even drawing social security yet, but I’m already responsible for four more that are paying in besides myself and another four soon to be contributing. lmao

[kabar]

Sorry, but your anecdotal stories don't cut it. We have 10,000 baby boomers retiring every day for the next 20 years. By 2030 one in every five Americans will be 65 or older, twice what it is now.

In 1950 we had 16 workers for every retiree; today it is 3.3; and by 2030 it will 2. This is why the entitlement programs are considered to be Ponzi schemes. Most of us retired today have gotten back much more than we put into the system. I have a federal pension. I have received back more than 10 times what I contributed and I just turned 69. I also get SS with a similar payback. This can't continue.

Why don't you read the link I provided to you, "Why SS is a Ponzi scheme" from Forbe's magazine. We are headed down the same road as Europe. We are witnessing the collapse of the welfare state. The Left wants to keep it going a little longer by increasing taxes, but eventually they will run out of other people's money. We can't continue to borrow 42 cents out of every federal dollar spent. We are in deep trouble. The government can't deliver on its promises.

I’m not even drawing social security yet, but I’m already responsible for four more that are paying in besides myself and another four soon to be contributing. lmao

So why is SS paying out more than it is taking in?