Originally Posted by
HighFlight
Say WHAT? Social security isn't government spending my friend. You fund it when you work, and withdraw when you retire. The 12.4% you and your employer contribute are not subsidized by the government.
That's what you believe, right? Why does the CBO project a massive shortfall in social security funding in the coming future? That 12.4% does not go into your own invested account, it's paying for the current retirees collecting social security. Your funding the current retirees, hoping enough workers will fund your retirement in the future. We're reaching a point with our unbalanced population where we have too many retirees and not enough workers.