Re: The elephant is in the room. Want to discuss it?

The Other Kim wrote:
Melinda wrote:

The Other Kim wrote:
Argh!!! Social Security is *not* an investment program, it's an
insurance program. It works just like your car insurance.
It wasn't designed that way to start with.

started. It was never set up as an "investment" or savings plan. The
wording of the law makes it sound like it was intended as a savings
plan, but it never worked that way.


Exactly -- the wording of the law set it up as a savings plan, i.e., it was originally designed to be a savings plan.
.

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