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Reply to "38 social security"
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[quote=Anonymous]No, it's not a Ponzi scheme, the trust fund is invested in govt bonds. The govt cannot reneg on these bonds, legally. So the govt has to pay Social Security back. By the 2030s the trust fund will be exhausted, then it becomes fully pay as you go. But lots of systems around the world are pay as you go, and nobody is calling them ponzi schemes.[/quote]
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