Tuesday, January 19, 2016

The Social Security Truth The NY Times Can't Admit

The NY Times is bloviating again about Social Security and once again can't admit the truth about the bankruptcy of this and other entitlements.

Some bottom lines -

Social Security costs have outrun the economy's ability to sustain the program, and it's only getting worse.

Politicians won't raise taxes to keep it solvent - that tax increases are advocated for Social Security merely illustrates the program's unsoundness.

Social Security is draining workers' standard of living.

The real problem with any entitlement - it is NOT a savings program, it is a money shuffle.

The program is becoming like collapsing state pension programs.

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