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- Jul 2, 2007
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Social Security fund will be drained by 2037 - Yahoo! News
Social Security, Medicare Face Insolvency Sooner - WSJ.com
FoxNews.com - Social Security Fund to Be Empty by 2037
Well, I was born in 1971, so in 2037 (when SS is depleted) I'll be 63. No rational person would pay money for something they know years in advance they will never receive. Honestly, it's seems like a Ponzi Scheme to me. If it wasn't a Ponzi Scheme you wouldn't need new "investors" to keep it solvent as those that have paid in would already have the money required. A $45,000,000,000 deficit for 2011 tells me that for all intent and purposes, there is no Social Security fund.
Social Security, Medicare Face Insolvency Sooner - WSJ.com
FoxNews.com - Social Security Fund to Be Empty by 2037
Well, I was born in 1971, so in 2037 (when SS is depleted) I'll be 63. No rational person would pay money for something they know years in advance they will never receive. Honestly, it's seems like a Ponzi Scheme to me. If it wasn't a Ponzi Scheme you wouldn't need new "investors" to keep it solvent as those that have paid in would already have the money required. A $45,000,000,000 deficit for 2011 tells me that for all intent and purposes, there is no Social Security fund.