What Handouts To Cut

SS was never intended to be a retirement account. When SS was enacted, the retirement age was 65, but life expectancy was 61.7 years. SS was to act as insurance, if you survived the retirement age unlike your friends. In 1940, there were 23 workers contributing for every retiree. In 1960, there were 5 workers for every retiree. In 2005, there were 3.2 workers for every retiree. Next year, 78 million Baby Boomers will begin to retire. In 20 years, SS will cost the Federal government $4 trillion a year. Our population is not keeping up with the demands put upon the younger workers to pay for the retired. I understand that the government promised workers something, but the government also once promised that FICA would only be 3%...