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View Diary: Newsweek Promotes A $2.6 Trillion Social Security Fraud (63 comments)

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  •  It is NOT a pay as you go program!!!! (4+ / 0-)
    Since the 1940s, Social Security has been a pay-as-you-go program.

    Since the nineteen eighties, it has not.  That's why there's a surplus.

    I don't think I've seen anything quite this ignorant in a long time.  Does Samuelson not read Newsweek?  

    If you want a link, I'll look for a link. If you really want it. Just ask.

    by Inland on Mon Mar 07, 2011 at 01:40:54 PM PST

    •  Do you mean it's a 'pay more as you go' (0+ / 0-)

      So that the projected (actuarially) larger boomer cohort (and higher earning too) could be safely accommodated for a known number of years.

      That's the way I understand it, ever since my contributions and cut-off amount were raised in '83 and every year since (until I retired early and waited eight years to begin withdrawing).

      Republicans: "Double your pleasure, double your fun, double your National Debt, and blame 'The One' "

      by Bluefin on Mon Mar 07, 2011 at 04:30:41 PM PST

      [ Parent ]

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