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**bunkalapa** · 09-10-2011, 11:52 PM

Social Security has been going bankrupt for years. It will end on it's own due to people receiving more from the program than they contributed while working. No program can pay out more than it takes in and remain viable.

The best thing to do is preserve it for the current recipients (cutting them off when they reach their contribution limit) while devising something new for those below retirement age. An example would be a 401K type program.

09-10-2011, 11:52 PM	#4
bunkalapa Join Date Oct 2005 Posts 496 Senior Member	Social Security has been going bankrupt for years. It will end on it's own due to people receiving more from the program than they contributed while working. No program can pay out more than it takes in and remain viable. The best thing to do is preserve it for the current recipients (cutting them off when they reach their contribution limit) while devising something new for those below retirement age. An example would be a 401K type program.
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