Sooner or later Social Security must go broke

From Nolanchart.com

Since Social Security discloses that the benefit it pays retired workers comes directly from the money paid by current workers, it is not, entirely, fraudulent. However, like a Ponzi scheme or a pyramid scheme, Social Security is, by its own definition, impossible to sustain. Like all pyramid schemes, sooner or later Social Security must go broke.

Though the Social Security trustees themselves cannot be called frauds, fine print, often passed over quickly in political sound bites, is filled with ominous double meanings. Even though the government websites about the Social Security trust fund plainly discloses the difference between the "special issue" federally backed securities held in the trust fund and the marketable securities that are widely sought as sound investments, the definitions of Social Security solvency based on any discussion of the trust fund can easily become misleading. Once, the difference between these securities and marketable securities becomes clear, the answer provided by the government that Social Security is solvent until 2041, when the "trust fund reserves are exhausted," plagued with ambiguity. The special issue treasury bonds will begin to need "redemption" by about 2017. That’s when "Ponzi shceme" nature of Social Security kicks in and it will be, by common bookkeeping practices, technically insolvent. After about 2017 only higher taxes or more government borrowing will allow Social Security benefits to be fully paid. This social security crisis has happened repeatedly because of the unsound pyramid scheme nature of the program itself. As one might predict by any common sense analysis of a pyramid scheme, each crisis in the Social Security program has become more profoundly enslaving to each new generation involved in the program. Rates that began as low as 1% for participants have increased to 6.2% today. Likewise the value of benefits for participants has eroded. This must continue, no matter "fixes" desperate politicians employ. The program itself must be completely overhauled, completely revised.