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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: KyrosL who wrote (219422)9/9/2009 7:16:04 AM
From: Think4YourselfRead Replies (1) of 306849
 
Back in the 80's there was a long conversation of when the SSTF would become insolvent, and how that date could be postponed. It was a major discussion topic with the students where I went to school. People like myself, in their early 20's, realized we would be paying in most of our working lives only to have it go bankrupt right about when we retired. Even back then the fund was full of worthless IOU's as Congress had borrowed from it for any brain dead program they could think of.

The discussions today suggest it won't even make it to then.

If you are under 50 the payments you make to SS are a tax, pure and simple. You'll never see a penny of it again.
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