In response to:

Social Security Cliff in Sight

an army employee Wrote: Jan 18, 2013 11:29 AM
The true answers are blindingly obvious. The first is to return to the original Social Security concept, that being as an ADDITION to your own savings for retirement. Make certain that all the promises for current participants are kept for those of a certain age (fight over what that age should be!) but change the promises for those who are below that age. Set up a new system which will pay a fixed amount (based on what you put into the system and what interest rates are calculated, as well as for what years the payments were made) for a FIXED period of time (with any remaining amount, should you die earlier, payable to an heir) based on a true actuarial assessment. You, and you alone, would be responsible should you outlive this.

In response to my post Making Social Security Actuarially Sound in a Business-Friendly Manner I have been exchanging emails and phone conversations with Jed Graham at Investor's Business Daily.

Jed thinks benefit cuts will happen, and I agree. However, Social Security cuts are considered the "third rail" in politics.

If you are not familiar with the term, it means anyone espousing cuts cannot be elected.

Retirees Will Outlive Trust Fund

Graham's current position on the viability of Social...