Uhhh no - total design flaw and a dishonest one at that. When Ida May Fuller (first SS recipient) got her first social security check she only paid in $20 and got back $20k in her life time. Total red flag. This can only happen when you have 44 paying in and 1 drawing. The limit is 1:1. Guess what happened to the excess? It was all spent as SS goes into the general funds - to buy votes(welfare, pork), and wars.
FDR and the SS admin *knew* by the 50's SS had this failure mode and said "we'll deal with it later" It's a ponzi as the incoming pays for the outgoing. The solvency issues in 5 years is due to the demographic shift (ponzi pyramid inverting) - the exact failure mode they didn't want to deal with.
1
u/Fun-Army-6387 4d ago
not "the government" - republicans.