In response to:

Australia vs. the United States: Two Charts that Tell You Everything You Need to Know about Social Security Reform

Rider Wrote: May 03, 2012 7:30 AM
I'm a white man that's worked all my life. I have worked since I was 12 years old. I have paid into Social Security all my working life. After 18 I spent over half my life defending America while still paying Social Security. I saved and invested my earning wisely. I'm rich by some people's standards but, that does not negate the fact that I paid into that fund most of working life. Now, your stating that I can not or should not get back part of the money I have already paid? Your stating that I should not claim my Social Security but, just let it go to someone else and forget about it? I don't think so!
dahni Wrote: May 03, 2012 3:37 PM
Probably partially where right side said "taking billions of dollars from poor black people and giving it to rich white people." Sounds racist to me....
Chris from Kalifornia Wrote: May 03, 2012 9:06 AM
How did you get that out of what he said?

There are two serious problems with America’s Social Security system. Almost everyone knows about the first problem, which is that the system is bankrupt, with huge unfunded liabilities of about $30 trillion.

The other crisis is that the system gives workers a lousy level of retirement income compared to the amount of taxes they pay during their working years. Younger workers are particularly disadvantaged, as are African-Americans because of lower life expectancy.

These are critical issues, but perhaps looking at a couple of charts is the best way to illustrate why the Social Security system is inadequate.

Let’s start...

Related Tags: Social Security Reform