LOL millennial

Social Security can't fail soon enough.

I quit paying in at 46 yrs old, so if I don't get my $1k a month in 14 yrs oh well.

I would be happy to have my $72k refunded and we call it even.

I will stop paying at 45 and I will be collecting SS at 62

I will take a refund also but would like some interest to go with it.

@Bedouin2W It won't and there are already many fixes on the table. I have a friend that works for the SS administration and there is no way it is going to ever end according to them. You will likely get to pay more FICO soon and take a haircut on your future monthly benefit amount but SS will be around when you get old. Invest wisely.

https://blog.ssa.gov/social-security-funded-until-2034-and-about-three-quarters-funded-for-the-long-term-many-options-to-address-the-long-term-shortfall/

https://www.fool.com/retirement/2017/08/07/the-only-way-social-security-wont-be-around-for-fu.aspx

http://time.com/money/3954837/social-security-expect/

If it was one person stealing $60B, you might be right.  But, when you have millions of people padding their pockets, it becomes an expensive game of Wack-a-Mole.  Better to write of the lost funds and revise the rules to prevent fraud the future (like getting rid of SDI/SSDI).

How about all the construction workers who have spent they're lives busting
there asses ? I'm fifty now and can't wait till 55 comes so I can retire , my body's shot .

'It will never be more than a 1% tax!'

They said in the 40's... as everyone voted themselves free shit.

Worst generations ever.

Drain the swamp

I'm not for our system but you are apeing an intentionally misleading statement about the reserves.  They are debt obligations aka bonds and are as real as any other bond as far the SSA is concerned.  That part is really not all that disturbing in and of itself.  If you are going to give any private or government entity contributions to run a pension plan it is HAS to be invested somewhere whether you are talking stocks, bonds, or any other financial instrument.  You can't just keep it in cash and claim to be living up to your fiduciary responsibility to the stakeholders of that fund.

The disturbing part is that the counterparty for those bonds is the federal government or effectively the taxpayers who are continuing to take on more debt at an alarming rate and pushing our Debt to GDP to near record levels.  That's the part which is disturbing.

The SSA's system of putting reserves in bonds itself wouldn't really be all that big a deal if they didn't necessarily need to be invested in government debt and could branch out to other types of bonds OR if our federal budget was in such good shape that they could issue those bonds to the SSA while maintaining a reasonable Debt to GDP ratio.

The biggest help is to stop SDI for anxiety and depression.

This x87bazillion

FIFY the disability portion of SS should not exist unless someone has actually paid into the system. Lots of generational SSDI families out there.

Fify again, @tango1978

The point of the exercise was to tax workers on their income a second time and to conceal half of that tax by pretending that the employer bore the cost.

The method of accomplishing the goal was to "invest" "surplus finds" generated by the tax in US government bonds.
If the "surplus funds" weren't going into the Treasury there would be no point to the scheme.

LOL uber fail, I was wondering when you would edit it

Goddamn I'd like to opt out.

I'll forfeit what I paid in so far, if I can fucking stop already.

Fraudulent scheme by a trash govt