Milton Friedman once observed, “If the government ran the Sahara, in five years there would be a shortage of sand.” He is right. The government has run Social Security for 70 years, and now there is a shortage of security. Today more than 80% of Americans believe that Social Security is heading for crisis if the government does not implement a major reform. So a system that is supposed to provide security, now it only provides…
Added by joetheeconomist on August 31, 2011 at 10:38am — No Comments
WHY DO WE SAY SOCIAL SECURITY IS BROKEN
Insurance is about trust in future payment. Today more than 80% of Americans believe that Social Security is heading for crisis if we do not implement a major reform. Where is the 'security' in that?
WHY SOCIAL SECURITY IS IMPORTANT
The FAA can close and no one will notice. Social Security serves a group of people who do not adapt well to change. The core audience is the…
ContinueAdded by joetheeconomist on August 30, 2011 at 9:00pm — No Comments
Washington's current cliche is that Social Security has not added one penny to the defict. It does contribute to the deficit, and the deficit will contribute to the end of Social Security if we do not get the deficit under control. If you want to keep Social Security, you need to get the debt ceiling back in place.
The subject of Social Security guarantees a heated debate. Today, in Washington there is a debate. One side of experts says that there may be a problem…
ContinueAdded by joetheeconomist on August 17, 2011 at 9:41am — No Comments
The Heritage Foundation has released a plan to save America, Saving The American Dream, which contains material on Social Security that should be looked at by every American. This is the future if you do not pay attention. Unfortunately, it is a future that you want to avoid.
The Heritage Foundation has jumped the integrity shark with a plan that is a substantive break with its heritage of conservative thought. In their minds, Social Security just isn't generous enough…
ContinueAdded by joetheeconomist on June 28, 2011 at 9:11pm — No Comments
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