quote:

Originally posted by Krysta_101 Okay, I think we can all come to a general consensus that Social Security is, inexorably, going to go bankrupt if left at its current state. [snip] Thoughts? Flames? I expect both

Hey Krysta, good to see a fellow Georgia TA in the politics forum!

Social security shouldn't go bankrupt ever, so long as there are contributors to this Ponzi scheme that a private company or person would be jailed for implementing on their own. The problem comes with outsourcing and the continued loss of jobs in America, leaving fewer and fewer opportunities for new contributors. If this continues, then we will certainly have a problem

I would agree that taking the government out of our personal decisions on how we plan for retirement would be a good thing, but there need to be several steps along the way to do it, as there are those who are going to depend on it that simply cannot have it deprived for their upcoming retirement.

I like this plan that calls for a long term, gradual phase out of Social Security:

Social Security Reform: A Free-Market Alternative

by George Reisman

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