When considering early retirement, it is important to understand that starting retirement benefits early will reduce your benefit. Use the Retirement age chart to determine your reduction if you begin receiving benefits before your full retirement age.
.world c/news didn’t like this so maybe it fits better here
Or if you prefer to be all polite they took it, and wrote an IOU knowing full well there’s no way there’d ever be any money to pay them back without jacking taxes way up, and that’s never going to happen. (And even if it did, that’s you paying yourself back with new taxes on your old taxes.)
It wasn’t mismanaged, at all.
It was flat-out stolen by Congress.
Or if you prefer to be all polite they took it, and wrote an IOU knowing full well there’s no way there’d ever be any money to pay them back without jacking taxes way up, and that’s never going to happen. (And even if it did, that’s you paying yourself back with new taxes on your old taxes.)
Functionally the same thing, really.
It was managed, just not for his benefit