Reply to Republicans in congress say big cuts coming to Social Security, Medicaid, Medicare.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.[/quote]

It’s not a Ponzi scheme because there is no fraud involved.[/quote]
I think these people calling Social Security a ponzi scheme don’t know that it is insurance and would probably be equally shocked to know how the insurance industry works. [/quote]
These are probably the same people who decry ACA, but then get seriously ill and run to ACA as a life line.[/quote]
It does make me think about the need to bring back the regulations about truth, fairness and the role of the news which we once had.[/quote]

Fox News and Truth Social would claim "they" are the truth, so at this point, other than the "fairness doctrine: which Reagan killed, on air people are free to say what they want without being held accountatable for their lies.[/quote]

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