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Social Security was not designed to be a permanent remedy to retirement and unemployment issues, but because it offered quick relief, the idea was widely accepted. The government offered that a social security tax would support people in their old age. Government made little interference with the transfer of money, using a "pay-as-you-go" system. That means money paid into the system is almost immediately paid out to retirees. The problem, unfortunately, this is that all the leftover money is sent to the U.S. Treasury in exchange for federal IOU's used to finance the national budget. There would be no problem if a federal IOU was worth tangible money...
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