Yes, I saw the need for "extraordinary measures" due to the high debt.  We have too much debt, so......we'll take from the people!  Irresponsibility at its finest!

It is amazing to me that the American public permitted the social security system. It's not like it was necessary in any way. People have always been able to purchase an annuity, to pay a certain amount out of their paycheck to a company that invests the money and charges a fee, which then will pay them a certain agreed-upon income when they reach a certain age. That's all social security is, and it had existed privately long before the social security law.

The difference is that such a system became compulsory under the social security act. Why would the government have to force people to buy into its annuity if its annuity was so good? People would have bought into it by choice if it had been worth it. Instead, now people can't buy their own annuity because their money is taken away by the government and put into a system that they have no idea if it will ever fulfill its obligations when their time comes. And you can't sue the government, so people are now dependent purely on the good will (!) of politicians who run the social security system, and you see how that's going so far.

Don't we go through this every year?? In order to default on the debt it would have to be announced by the Department of the Treasury, and the default would forever be attributed to the regime in power. That would be Biden so that's not going to happen.( Not until the jews pull the plug, anyway)

The government has robbed the Social Security fund years ago- they took thousands and thousands from medirecty from my paycheck without my permission for 45 years. I am collecting now. Way less than if I had held my own money myself. I'm sure they will use it for manipulation along with the social credit score and hold it back if you are non-compliant. 

90% of the country's government and private retirement funds are being held by Blackrock. ( We are currently funding government employee retirements- and Blackrock- because of bad investments and theft of the funds as well ) They will strip that fast enough if it hasn't already happened. Six of one, half -dozen of the other.

It is amazing to me that the American public permitted the social security system.

Did the public even have much of a choice?  Most of this stuff is just forced on everyone.

https://finance.yahoo.com/news/treasury-begins-special-measures-avoid-150732979.html

I've had more Social Security taken out of my paycheck than federal income tax for decades now, and I'm not going to see a dime of it.  Currently the "full retirement" age is 67, but it'll definitely be at least 75 in 10 years, and by the time I get to 75 (20 years from now), it'll be all gone.

I hear you Lad. When I started paying into SS, gas was 19 cents per gallon, ground beef was 19 cents a lb., bread was 10 cents a loaf. and one ounce of Silver was $1.

And we were told that our money was being kept in a bank earning interest and would be returned to us when we were old. Ha ha. They left out the part about the private club of bankers laughingly called the "Federal Reserve" stealing our money via inflation and other tricks.

I've got 30 years til I can retire. I won't see any of it. I have days where I think about quitting my job to get my retirement money (since my employer matches 1:1).

How is this "charity" (except due to its Ponzi structure, for the current recipients)?  Answer:  it's not "charity" at all.

If properly structured, it's mandating that people put money away for retirement so that the rest of society doesn't have to pay for them to retire while they "lived it up".  It's similar to mandating that people carry automobile insurance so that they don't dump the financial responsibility on others if something happens.

If propertly structured, the money would be yours, and could be left to your survivors if you die before you use it all, etc.  You would get back what you put into it, and is exactly analogous to legally requiring people to buy car insurance.  Your assertion that a properly structured mandatory retirement savings is "charity" is nonsensical.

This is what you wrote: “I don't have any problem with hit in principle, because a lot of people won't save for retirement and then everybody has to pay for them anyway.  It's not like you're going to let an elderly person die because he doesn't have any savings left after retirement.  So one way or another society has to pay for it.”

This IS tantamount to charity. What I’m contending is that instead of the government being in the business of handing out money (charity), which is completely and totally unconstitutional, the people who don’t have the foresight to save for the future should rely on the charity of individuals not the government.