Reply To: Is Social Security a Ponzi scheme?

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#1763584
Gadolhadorah
Participant

Obviously, at some point in the future, there will be more paid out than paid in to the point that it will become insolvent. Prior to that point, Congress will have to act by some combination of reducing future payouts for younger employees, increasing contributions for all participants and means testing current recipients. All government programs are theoretically Ponzi scheme since they rely on the assurance of future government payouts.