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View Diary: Who Needs Big Government? (97 comments)

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  •  About Social Security (0+ / 0-)

    I guess you're unaware of all of the IOU's in the SS trust fund.  Social security is a transfer payment and not social insurance. It is the mother of all ponzi schemes which is why every few years they have to "fix" it by taking in current tax dollars to pay current benefits while improperly accounting for future obligations.  On a cash flow basis, SS will be paying out more money than it takes in by 2015 and by the way, that excess money will be a transfer payment from the young people who are working to the older people who are not.

    You'd be better off taking the 6.5% of your salary and investing it on your own.  That way if you die your family will at least recieve some $ as oppose to $250 which is the death "benefit" for SS.

    SS never missed a payment because they can print the dollars to make the payment.  Wake up.  

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