>>>You must have very low opinion about entire generation! Or it is only me
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>LOL. Actually it was somebody else who suggested that generational theft is deliberate. If it's true then perhaps the new generation should do as they are told,systematically underfunding social security and medicare in pursuit of personal benefit. ;-)
The whole thing is just a misnomer. It's called "fund", whereas in substance it is not. A fund is a heap of money set aside for a specific use. With social security being in the red well into the future, it's still running a surplus, which should have multiplied many times already. But it's not a heap of money, it's a heap of bonds of suspect future value. And they actually never speak of it as a fund, i.e. a heap of accumulated money, but as a... what it should be called. A funnel.