Submission + - Chris Roberts announces Star Citizen, seeks crowd funding (robertsspaceindustries.com)
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Actually, it
Social Security had been planned on the assumption that the U.S. population would always have more income-earning tax payers than retired geriatrics, costing individual Americans a small amount of money each year to take care of the relatively few Social Security payouts. This is why I call it a Ponzi scheme: the program is premised on paying retirees using the money currently being gathered from taxpayers, and has been since its inception. There was no phase of the program where taxpayers began paying in but Social Security wasn't paying out.
The problem is that two things changed. First, the baby boom happened, which initially meant Social Security was in its heyday, but the relatively better-educated baby boomer kids didn't themselves continue to have children at the same rate as their parents. Second, the baby boom generation has seen the benefit of vastly improved health care, prolonging their life and, consequently, increasing the number of retired Americans drawing on social security.
True, Congress took money from Social Security instead of raising taxes, but the result is simply that they've accelerated what was inevitable anyways. I don't think there was any way the baby boomers could have paid enough into Social Security to avoid this outcome.
Also true, Social Security is not the only long-term problem facing the U.S. budget, nor is it the biggest. Medicare is probably the single biggest contributor to the U.S.'s long-term budget. Also, if we keep raising the debt limit for the country, then paying back those debts may eclipse even Medicare.
In fact it's really more akin to an alarm clock that will go off at various points throughout the day at the slightest action or perceived lack of action from yourself or, in some cases without any discernible trigger whatsoever.
Sounds like my cellphone, but without the vibration features.
"Pay no attention to the man behind the curtain." -- Karl, as he stepped behind the computer to reboot it, during a FAT