The Third Rail is Running Out of Track
The author says that the day of reckoning is fast approaching for Social Security.
The author says that the day of reckoning is fast approaching for Social Security.
The author says that the notion of privatizing Social Security will not improve the financial prospects of the program.
Americans face a growing risk that they will outlive their savings during retirement. The author says that the proposals to address this risk are wrong.
Senator Marco Rubio (R-FL) outlined a number of reforms for Social Security in a speech this week. The author says that while well intentioned, Rubio’s proposals would actually make Social Security less solvent.
The author says that a pervasive online myth is that Lyndon Johnson stole money from the Social Security trust fund in order to pay for the Vietnam war.
The author says that the House budget proposal released recently isn’t about the math of Social Security, but rather just about the politics of the debate over what to do with the program.
The author says that increasing life expectancies in America creates two financial burdens for Social Security and offers some detail on what this means.
The author says that the more time that goes by, the worse off financially the Social Security program becomes. He argues that politicians need to work on a fix before it’s too late.
The author says that the reform debate of Social Security has two opposing views, neither of which would actually reform the existing system.
The author says that some of the information put forth by critics of the Social Security Trust Fund is false and delineates what he says are facts surrounding the fund and its assets.