There's no way to sugar-coat it. Social Security is going to fail. There are, of course, ways to possibly extend its life for a few years, or even decades, but ultimately, like all Ponzi schemes, it will collapse. By the federal government's and the Social Security Board of Trustees' own admissions, the Social Security program will be paying out more than it takes in in just 4 years. At current rates (and assuming the federal government fully pays back the more than $5 trillion it "borrowed" from Social Security's accounts), the program will be completely out of money in about 17 years. What does this situation mean for current working Americans? Is there any way to solve this problem? Join Antony Davies and James Harrigan as they discuss this and more on this week's episode of Words and Numbers.
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Quick Hits
Splitting up Amazon
www.cnbc.com
National pencil day
nationaldaycalendar.com
Foolishness of the Week: Cancer warnings on coffee, vacancy tax
fee.org
www.cancer.org
www.refinery29.com
nypost.com
Topic of the Week: Social Security
www.cnsnews.com
www.ssa.gov
www.ssa.gov
www.ssa.gov
www.ssa.gov
www.nytimes.com
www.state-journal.com
www.teacherpensions.org
www.cbsnews.com
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This post first appeared on FREEDOM BUNKER: The Best Libertarian News And Chat, please read the originial post: here
