Originally Posted by mdaniels4

an interesting sidebit to this is that many of the original plans for SS were in fact more largely fixed, but each succeeding Congress kept changing them and increasing in scope. in fact, Southern democrats successfully and specifically excluded blacks and women to assure that they didn't work as they didn't want to upset the racial characterization of the region, yet later admins changed that, which of course was a good thing. the program exponentially increased. In an ad of 1936 it said that we would never tax you more than 3 cents, 6 cents for both employer and employee and that you'll never pay more than 3000 into this. But by 1945 that had already been changed and now the taxes are roughly triple that and benefits increased enormously.

It is not as cut and dried as some would have some believe. The fact is that we had dem basically controlled presidency's as well as congresses from 1935 through 1968, and that's whe the biggest changes occurred. By 2023 at this point there is estimated to be insolvency.

it isn't a strict ponzi scheme but close to it, where the difference remains that the fed doesn't have to rely on new entrants to pay for it, it can merely print more money to pay for it, which is what they've been doing all along.

And as far as this being in the general, I agree, move it to politics because it belongs there. But for our brother James who calls it "crap", i beg to differ as it is extremely important stuff to even attemot to understand.