No it is not a Ponzi scheme. It is a great way for Americans to have an income when they retire that can’t be taken away in divorce, bankruptcy, or a downturn in the market. My wife and I make over $72k a year just from our combined Social Security checks.
Got tired of getting caught with their hands in the cookie jar…
Easier to swipe the general fund
Yep, the ‘lock box’ is empty and full of IOU’s.
Give there self a raise and it has never been paid back
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No it is not a Ponzi scheme. It is a great way for Americans to have an income when they retire that can’t be taken away in divorce, bankruptcy, or a downturn in the market. My wife and I make over $72k a year just from our combined Social Security checks.
Got tired of getting caught with their hands in the cookie jar…
Easier to swipe the general fund
Yep, the ‘lock box’ is empty and full of IOU’s.
Give there self a raise and it has never been paid back