You live in crazy land. If you just raise the cap on social security it will be good for 75 years. No one is worried about social security except right wing no nothings.
Millions of people mostly old women were raised out of abject poverty.
How come you never mention things like that? Have you no soul?
Foundations of Change
By the end of the First World War, a primarily agrarian American society had become a primarily urban, industrialized one. Thus, on the eve of the Great Depression of the 1930's, a larger proportion of the American people were dependent on cash wages for their support than ever before. By 1932, however, unemployment reached 34 percent of the nonagricultural workforce. Between 1929 and 1932, national income dropped by 43 percent, per capita income by 19 percent. By the mid-1930's, the lifetime savings of millions of people had been wiped out.
For vast numbers of aged people, and people nearing old age, the loss of their savings brought with it the prospect of living their remaining years in destitution. At the height of the Depression, many old people were literally penniless. One-third to one-half of the aged were dependent on family or friends for support. The poor houses and other relief agencies that existed at the time to assist people who had fallen on hard times were financed mainly from charity and local funds. They could not begin--either financially or conceptually--to respond adequately to the special needs of the aged brought about by the cataclysmic events of the Depression.
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| Before Social Security, many people faced destitution in old age
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ssa.gov
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Can you explain then, how it stands $9 Trillion in debt after a mere 75 years of existence. The lifetime of ONE PERSON, and its financial condition is entirely untenable. That is, in fifteen years it will be hopelessly insolvent. This is after a massive tax increase (probably on average a quadrupling of the tax collections) enacted by Reagan to salvage it until now. |
