In response to:

Social Security Cliff in Sight

Vladilyich Wrote: Jan 18, 2013 9:12 AM
Misha, This is more than an eye opener presented in a logical manner, without the emotional baggage from either side. My last statement from SS showed that my "account" contained a bit over a half-million dollars from 55 years of working at maximum (I exceeded the cap each year). Ideally, the government should give back all funds immediately that they contracted for when they took the money as a tax. Assuming that there are 20-million people with money in the "fund", this would equal a minimum of 10-trillion dollars. The government cannot now, nor will ever be able to, refund this money to the rightful workers...it has all been spent on "bridges to nowhere". This current form of government needs to be dissolved and begun over with

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...