"Jose" wrote in message
et...
The way I understand it, Congress has used the money generated by SSI
payments to fund other federal spending. And now government is faced
with the issue of a shortfall in funding SSI recipients as a result of
the "baby-boom" bulge in the retirement aged population.

Also, when SSI started, there were a huge number of wage earners who were
being tapped to pay for the retirements of a small number of workers.
This spread the burden around very thinly. The pyramid has inverted.

Jose

Agreed. I think people living longer for a number of reasons has added to
the list as well.

My point is, the government TAKES our money to fund our retirement because
we all realize far too many people cannot be trusted to fund their own
retirement. But the government themselves have proven they can't be trusted
with the money as either.

That's why it ticks me that I can't opt out and do my own thing. We all know
there are much better deals to be had. And many of us would manage our own
fund much better than the fed has.