Labor Dept.: Only 1.75 Full-Time Private Sector Workers Per Social Security Recipient

Labor Dept: only 1.75 full-time private-sector workers in the United States last year for each Social Security beneficiary.The Pozni scheme known as Social Security is running short of pigeons. When the system can’t bring in enough new suckers to pay the promised returns to the current “investors”, the con collapses. Ordinarily, this is when the authorities shut down the fraud and arrest the operators but since the operators here are the gubbermint, this is when they increase taxes on the Koch Brothers and their corporate jets. Oh, and you.

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (3)

  • Beck says that it is more of a pyramid scheme... whatever... the thing is that the thing is a scam. I don't want to pay into this scam. Where is SOCIAL SECURITY in the Constitution?

    • I'm not sure anything that Wilson, FDR, Johnson, or Obama strapped onto the back of the productive class is constitutional. The 18 enumerated powers are pretty much all they are "allowed" to do. It is true that the Commerce Clause has been turned into a pretzel. If Obamacare survives SCOTUS it will be so because of the CC.