Quote:
Originally Posted by Honus
It is highly efficient, with much lower administrative costs than any private system could ever match.
It has kept countless Americans out of poverty.
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Question: How did it achieve that? Did they consider all the costs or did they simply consider the office costs and not figure out all the congressional time expended on it, making the rules, etc, etc? Do they have to pursue fraud as diligently as say a private system or do they just raise taxes to cover it? As a private enterprise, I have to have money saved up for a "rainy day". Does SS? IIRC, there were 20+ workers to 1 retiree. Have they got a way to cope now that there is about 3+ working people to 1 retiree?
It has given them a fish but not taught them how to fish. I guess that is a great achievement.
Shouldn't Americans keep THEMSELVES out of poverty? It does keep the govt out of poverty since it is a slush fund they can tap from so that is an achievement.