Social Security to start cashing Uncle Sam's IOUs

[Happy Monkey]

Originally Posted by ZenGum

Is there much difference between this model of social security and a pyramid (ponzi) scheme? As long as the base keeps growing, no problem - growth slows, problem.

A big difference: there are only two levels, and you are guaranteed (provided you survive) a place at the "top".

There will always be people paying, so there will always be money for the people receiving. Different proportions of old to young may affect how much, but they will never run out.