Social Security has the distinction of being an abysmal failure.
*As the most-egregious – and unconstitutional – **Ponzi scheme ***of all time (today’s elderly recipients are funded by young workers, not from their own contributions of yore), Social Security is irreversibly insolvent. In 1950, the worker-to-beneficiary ratio was 16.5 to 1. In 2010, that ratio is almost 2 to 1.
The fact that social security is funded by younger workers has always been known. It is not a deception. Also, unlike a Ponzi scheme, social security has never promised an impossible return on your investment. It was not even represented as a money-making investment as Ponzi schemes are. It was represented as insurance, which you might not benefit from if you don’t live long enough, and that is OK. The fact that the worker-to-beneficiary ratio is so out of whack is mostly due to the improvement in general health and longevity - something that should be celebrated, not bemoaned, particularly if you are pro-life. The numbers are also temporarily skewed by the fact that the baby boom generation is now largely retired. When the baby boom generation has passed on then you can expect the ratio to improve. Also a slight and gradual increase in the retirement age for social security would be both more responsible and more in line with the original concept of social security. You have not demonstrated that this and other adjustments could not bring it back into solvency, your unsubstantiated rants notwithstanding.