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USA - No retire, only work!
(www.ssa.gov)
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this post was submitted on 18 Dec 2024
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A Boring Dystopia
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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