Social Security more broke than supposed, study claims

Return To Article
Add a comment
  • cfpmac Livonia, MI
    Jan. 31, 2013 9:58 a.m.

    The Social Security system fits the SEC definition of a Ponzi scheme.

  • cfpmac Livonia, MI
    Jan. 31, 2013 9:42 a.m.

    Just for the record, Sander Levin is a D from Michigan not Missouri. And I agree that the Social Security Trust Fund is like the briefcase in the movie Dumb and Dumber.

  • xscribe Colorado Springs, CO
    Jan. 9, 2013 8:59 p.m.

    @DN: Maybe it's a sign of end times. Gasp!!!!

  • DN Subscriber 2 SLC, UT
    Jan. 8, 2013 10:45 p.m.

    First, what part of "Ponzi scheme" are people unwilling to admit?

    Second, smart people have been screaming since at least the 1980s under President Reagan that Social Security is going broke and needs to be fixed, but almost no action has been taken.

    Every time anyone suggests delaying eligibility age, freezing or reducing benefits, or even means testing recipients, the liberals go ballistic and charge the people trying to save SS with wanting to throw grandma off the cliff.

    Frankly, no one under the age of 40 will ever see a dime from SS, but they will be paying into forever.

    Gutless politicians who demagogue issues and kick them down the road until after the next election bear the full responsibility for the inevitable train wreck when SS indeed runs out of money.

    Not to mention the horrendous problem as we try to find real money from somewhere in the budget to pay off the IOU's that were given to SS when Congress stole the "trust fund" money and spent it for other things.

    SS is broke, Medicare is broke, spending uncontrolled, our debts are unsustainable, and taxes harmful to generating more revenue to help at all.

    Bad times!

  • killpack Sandy, UT
    Jan. 8, 2013 10:52 a.m.

    I knew this was a scam! You don't even need to waste time and money on a study. We are $16 trillion in debt, going on 20. Like the incompetent, corrupt and undisciplined federal government is really going to let cash reserves in the the Social Security Trust Fund go untouched? Get real! Of course they are going to spend it. The fund is nothing but worthless IOUs. What a scam!

  • Go Big Blue!!! Bountiful, UT
    Jan. 8, 2013 10:49 a.m.

    More broke? Most of us have suspected that the system was bankrupt long ago. No breaking news here.