Quote:
Originally Posted by Ghostwriter
There is no trust fund and all the IOU's are worthless. The money has gone into the general fund and the general fund is $1.5 trillion in debt for this year alone. None of this is sustainable. Common sense dictates this (not that you don't have common sense)  . We are in a real world of hurt and must get our finances under control or we will end up like Greece, Portugal, Spain, the U.K., France etc. Sorry, but SS is now simply a ponzi scheme because the money promised is gone and will not come back. |
I agree that there is no trust fund, and I think this is a major flaw in how SS was set up. And I think it's an overstatement to simply say "our government is incapable of putting the funds where they will not be touched." It is capable of doing it -- many governments do do it. So far, neither side of the aisle has had the will to do it.
Otherwise, KSig Rc said pretty much what I would say.