The Big Lie?
Posted in Economy by Richard Adams
Robert Samuelson reminds us that Social Security is not a pension system. It is a welfare system supporting people who are in their mid-sixties and older. The U.S. government, however, has been more than happy to make current taxpayers think that they are paying for their own retirements.
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Nice post.Thank you for taking the time to publish this information very useful!
I’m still waiting for some interesting thoughts from your side in your next post thanks
The biggest welfare system in the United States are government workers, whether it be state, local or federal. I live in the Stupid State. Half of the state's budget is education. Eighty percent of that budget is salaries and pensions. The Stupid State spends about $12,000 per year per student. We have a drop out rate of 1 out of 3 students and we rank somewhere at the bottom near New York and Washington DC (who by the way spend more money per student than the Stupid State) in testing and proficiency. Most of the cities and counties in the Stupid State are ready to file bankruptcy. Why? Their budgets are strained from again pensions and salaries.
Agreed that Social Security is a huge issue and needs attention. However, we need to follow the leader Scott Walker in WI and shut down the government worker welfare state first.