Hello, Hello, Mr. Ponzie!

According to GOP.com, there are “only” 3.3 million workers supporting every social security beneficiary today. In 1950, there were 16 workers per each social security recipient.

Milton Friedman explains the Social Security scam very well:

“Taxes paid by today’s workers are used to pay today’s retirees. If money is left over, it finances other government spending-though, to maintain the insurance fiction, paper entries are created in a ‘trust fund’ that is simultaneously an asset and a liability of the government. When the benefits that are due exceed the proceeds from payroll taxes, as they will in the not very distant future, the difference will have to be financed by raising taxes, borrowing, creating money, or reducing other government spending. And that is true no matter how large the ‘trust fund’.”

These wise words come from years of experience in the economics field and should be heeded. But, over the years, we’ve develop a certain resistance to wanting change to that ever-sacred social security. The “social safety net” of social security has become a standard part of Americans’ retirement.

Try this: Go out and start a trust fund for your retirement. Then ask all your friends, family, and neighbors to pay taxes to contribute.

What do you think they would do? Likely tell you where you can stick your retirement plan.

That’s the same thing that is accomplished by Social Security-only the government does your strongarm work for you.

Just like politicians today, the Great Society and the New Deal were supposed to help all manner of social ills.

Yet, we are here again today trying to figure out how to deal with this monster. Even its proponents admit that the program is in financial trouble.

People nowadays live much longer, and can therefore draw on the system much longer. Even if the program were justifiable on its premise, it isn’t sustainable in the long term.

Considering that we are going to be absorbing millions of new illegal and legal aliens (and their children), the system becomes especially impractical.

Thanks, LBJ & FDR. Charlie Ponzie would be proud of you.