BTW, can you imagine signing up for a lifetime Intuity with a private insurance company, who then changed the rules after the contract was signed, and then reneged on the promise? They would be in jail, right? So, what makes it ok for the government to do that?
Ethically? Nothing makes it OK; but it is legal, because all parties to the "contract", as it were, renegotiated and agreed to the changes. Yes, that included you and me - your congressman represents your voice on Capitol Hill, as does mine. In matters of legislature, the Constitution gives him the authority to speak on your behalf; that's just the nature of a republican form of government.
Anyway, my whole point to this is that I don't want you (mel) to draw the false conclusion that the ever-lengthening lifespans of senior citizens is the problem. The problem is that politicians are running this scam and they're not held to the same level of account as, say, a private insurance company would be. This is fraud, BIGTIME.
It is not fraud, ONLY because of transparency. You may not like where the money is going or what's happening to it (to be frank, neither do I), but you DO know, and that's the difference. The soul of a fraud is deception. If Congress were secretly
funneling money out of the SS trust fund all this time, and the public only just now became aware of it, that
would be fraud. But everything Congress has done with Social Security is part of the public record. It cannot, by definition, be fraud.
And it is another reason why Social Security is different from a Ponzi scheme. In a Ponzi, the Hub tells you he's doing this
with your money, when in fact he is doing that
; he never tells you what he's really doing. In Congress, they said Social Security will work like this
; somewhere along the line, they CHANGED it to that
but the change was not hidden, it was public, every bit of it. That you and I know about it is proof of that.
Oh, I thought this might humor you too. At Social Security's official web-site, they feature a prominent politician from the 19th century as their guiding light and role model, Otto Von Bismark Please view here: http://www.ssa.gov/history/ottob.html
Isn't that wonderful? They feature one of Adolf Hitler's idols as a guiding figure in their quest to help us arrive at their brave new world. Very wonderful indeed!
Well, that's a kind of shady thing to do, though, Hauser. Bismarck died when Hitler was nine years old. I really don't know anything about Bismarck, but I'm not going to blame HIM because Hitler liked the guy after he was dead. Hitler very openly idolized Martin Luther, but I'm not going to call every Christian who isn't Catholic a Hitler-sympathizer. Hitler also had a Mercedes limousine, but you know, Mercedes makes good cars
. If there's a reason why I should think of Bismarck as a bad guy besides "Hitler thought he was cool", of course I'm all ears.