In response to:

Social Security Cliff in Sight

Kibitzer Wrote: Jan 18, 2013 11:39 AM
When Social Security was first established it was not expected that more than half of those paying in would ever collect any benefits, since the eligibility age was higher than average life expectancy, and it was not envisioned that life expectancy would rise to what it is today. Originally few of those that did live to collect benefits collected them for more than a brief period as compared to what recipients now collect. The eligibility age should have been adjusted for life expectancy long ago and on an on going basis, but the political will just hasn't been there to do the responsible thing.

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...