PoliGAF wonks / other reasonable well-informed people:
I saw this, and I wasn't sure how true it was:
Uhh, SS doesn't actually work that well. Within a decade it will actually be paying out more than it takes in. All of the surplus that SS has earned has been given to the treasury to pay for stuff like our massive defense budget, health care, etc. The only way SS gets it back is if the government raises taxes later. The system is crap, and you clearly don't have a clue how it works. You obviously don't realize that the baby boomers are going into retirement and they are such a large group of people that SS will have to pay more than it ever has before. You also are completely unaware, it seems, of the fact that there will be less money being put into SS as the baby boomers retire because the birth rate has declines in the US. The system has ten good years then it'll fall apart, and by the time anyone here is ready to retire it'll be completely bankrupt.
Obviously out of context, but are the claims essentially correct or incorrect?