How to pay for Social Security is the wrong question. The real question we should be asking ourselves is should the federal government even be in the retirement fund business. The same thing applies to health care. Is it the federal government’s purview to be supplying public health insurance. Continue reading
Tag Archives: social security
A huge financial dilemma faces our country. A faltering government program is threatening to fail unless something is done about it. But what? What can we do that will be fair and equitable? Basically our government has screwed us, forcing us into an ever-growing Ponzi scheme that is about to collapse.
Though originally proffered as a “supplement” to personal retirement, it became a promise for future security. Senior citizens came to depend on it as their pension, complaining that it wasn’t enough and demanding more. Vote buyers were happy to increase the budget for this program, increasing benefits beyond what recipients had ever paid in, creating what would become the largest boondoggle in our nation’s history. To make matters worse, our government raided the coffers to pay for other programs, a more palatable solution than raising taxes, knowing all the while that it would be an unsustainable practice, and would pose a huge bill for future generations. When warned of impending disaster, they shut their eyes tight, stuck their fingers into their ears, and yelled, “I can’t hear you! La-la-la-la-la-di-da!” Now, accelerated by the phenomenon of the Baby Boom, disaster is at the doorstep. What to do? Continue reading →