RANT! What do we do with Social Security? – 1 of 3

RANT! What do we do with Social Security? – 1 of 3

Social Security is often called the 3rd rail of politics – touch it and you die. While that is probably true, we still need some politicians to step up and commit suicide because it definitely needs fixed.

First, lets discuss why it needs fixed. I am days away from my 45th birthday as I write this and I have no confidence that I will see a dime of Social Security money when I turn 67 in 22 short years. If I do see any money, then it will be a huge burden on the backs of my children and their peers!

Nearly everyone that I talk to on this subject are under the same impression – no money for us or at least not in relationship to the huge amount of money we will have put into the system.

You see, that is the real problem with the system – the money that I put in doesn’t get saved for me, it is almost immediately turned around and given back out to some current retiree (actually due to the way we spend money in the government, it may be going to pay for research on iguanas in Massachusetts). The Social Security system is not a savings account that is setting aside money for my use, but rather it is spent and the money that is supposed to go to me will come from some poor worker in 2029 and beyond.

So now that we know how it is broken, we need to discuss how to fix it. For that you will have to read my next RANT! But first, my infamous all caps yelling RANT!


More on this topic later!

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