@captcrais101 Just show me the money! There is not one penny in the trust fund-just I.O.U.'s in the form of bonds. These bonds are only as good as taxing the next generation through income tax to pay back these bonds. There will also be only 2 workers for each retiree at the peak of the boomer retirement which means they will have to pay double the SS and Medicare tax PLUS the bond payback. Some investment!
This video is full of shit
captcrais101 8 months ago
@captcrais101 Just show me the money! There is not one penny in the trust fund-just I.O.U.'s in the form of bonds. These bonds are only as good as taxing the next generation through income tax to pay back these bonds. There will also be only 2 workers for each retiree at the peak of the boomer retirement which means they will have to pay double the SS and Medicare tax PLUS the bond payback. Some investment!
kneedock 3 months ago
We will have to pay ourselves back of the money we never got in the first place.
daveme7 1 year ago