2010-11-05

Social Security - I'll Be Brief

Every American citizen and policy-maker agrees that the current Social Security situation is unsustainable. There are not enough revenues to sustain current expenditures, and the problem is getting worse.

Virtually everyone in the country also agrees that current Social Security benefits are inadequate for any senior citizen to live on.

So, if a government pension plan is both financially unsustainable and financially inadequate, then we would be better off eliminating it.

QED