Mil8 saidThe important distinction being, the Government tends to tell you where your money is going and also honours its debts.
LOL. Sorry I just had to.
I tend to agree with Madoff on this point, how do you think social security works? When you pay into SS your money doesn't sit there and accrue interest, its turned around and spent to pay off current drawers. It only works if the number drawing doesn't exceed the number paying in. This worked great when the FDR administration implemented it because few lived over 65 and would never actually draw their benefits. Times change and the system has not.