[blackdog]

I’m waiting for the day they declare social security bankrupt and can’t pay out it’s obligations while they still collect the withholding from people’s paychecks and the employers portions. That’s gonna be some sales job bolder than global warming, Covid, and FBI testimony, combined.

[cgbg]

Social security was a ponzi scheme from day one—it is just a very long con:

https://moneymorning.com/2017/03/31/the-social-security-trust-fund-is-just-a-stack-of-ious-in-a-west-virginia-filing-cabinet/

[lewislynn]

You can add 15.2% self-employment tax to that too.

15.2% is equal to employer/employee FICA.

[Drew68]

I’m waiting for the day they declare social security bankrupt and can’t pay out its obligations while they still collect the withholding from people’s paychecks and the employers portions. That’s gonna be some sales job bolder than global warming, Covid, and FBI testimony, combined.

That'll happen the moment the dollar ceases being the world's reserve currency. And then everything collapses.

It'll be a variation of that old saying, "How did America go broke? Very slowly at first and then all at once."