Is Social Security a Ponzi scheme?

The largest one ever to be perpetrated in the history of the world, the only thing is since we are the government we perpetrated it upon ourselves!

Of course we didn't directly vote for the theft of the money in our lockboxes, but by demanding more and more government goodies from politicians and not worrying about where they were getting the funds and not paying attention to what they were doing and continuing to send the same people back to Washington over and over and over we are responsible for what has happened to us.

We deserve what we get until we wake up and take responsibility for ourselves instead of trusting our futures and our present to politicians and bureaucrats.

No, but calling it a Ponzi scheme is an old GOP talking point.

Social Security is not going to collapse. It is completely solvent until 2037, and if there are no changes, benefits would be reduced by about 25%.

Yes, there will be some changes made, including probably raising the retirement age, and in a perfect world raising the income cap above $114,000. But your (and all the GOP) description has no basis in reality.

A Ponzi scheme is a fraud in which how the money is spent is concealed from investors.

Social Security's books are open.

I think that the problems in the pension system was highlighted along time ago, govt's have been encouraging everyone to sign up to private pensions for years, to take the pressure off state sponsored schemes.

To be honest, the state pension scheme is crap anyway. If you have to rely on it solely, you will be living your final days in poverty. You are best advised to arrange your own private pension

You have accurately described a Ponzi scheme and FDR started it.

Back in reality--absolutely not.