Where would you want them to put the money instead of government IOUs? The stock market, corporate bonds, or maybe the CBOT? Maybe they could have bought a lot of CDs at Chase or Bank of America. I don't know where the government could put that much money without a lot of risk.
My Grandfather was farming when farmers were included in SS. He paid in 5 quarters and then retired, sold the farm and moved to town. He was in his mid seventies and his youngest daughter was not yet in HS. Granddad and then Grandma collected SS for over 40 years on that 5 quarters of paying SS taxes. That is also part of SS's problems.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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