Charly got it right on the actual policy. It was/is meant
as a supplemental in old age. As far as theft, well...
There is no SS fund. All the money goes into the general fund
kinda like petty cash account.
Fletis hits spot on with the # of years one was expected to draw
on it before they were off to join the choir invisible (shamelessly
stolen from Monty)
The fix? well it the 3s bear any resemblance to reality, I see about 5
ways. 1. Raise taxes. 2. Reduce benefits. 3. Raise retirement age.
4. Remove the death tax - completely. 5. Triple at least, limits on
IRA contributions


"Fletis Humplebacker" ! wrote in message
...

"Charlie Self"
Rich Chamberlain writes:

Regardless of what that article says about the growth of the economy,
the real reason for the crisis is the number of workers per retiree.
Back in the 30s, it was close to 300 workers paying for the SS of one
retiree. Today, it's at 3 and heading to 2 with a bullet.

And most of the money paid in has been stolen. Whoops. Pols don't steal.
They
simply take and use for other purposes.

By the way, when in the '30s was it 300 to 1?

That tells me one thing - I need to pump up my 401k and other savings,
because I'm not counting on SS.

SS was never intended, or, rather, was not originally intended, as a
complete
retirement program. It was to be a supplement for those who couldn't
make
enough money to save on their own, but was never intended to be all the
income
anyone had. Of course, now it often is and in some areas, for some
people, it
is more than adequate.


Also, it was designed to be distributed to the recipient for maybe 5
years.
People are living much longer these days.