Would there be any threat to the Social Security Trust Fund were not the wealth of the nation collapsing?Every man has his sword on his thigh because of fear in the night.
—Song of Solomon
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Way back in 2005, then Senator Hillary Clinton appearing before the Senate Select Committee on Aging in a hearing on the Bush administration's proposal to privatize Social Security accurately stated the U.S. Treasury was on course to becoming insolvent many years prior to worst case projections for the Social Security Trust Fund. Since this was the case (indeed, it still is) those interested in "solving" the Social Security "problem" might be suspected of having an ulterior motive. Some things never change.
The argument that, the increased life expectancy of the average American is placing an intolerable burden on the Social Security program is a canard. The burden rather is born of a once great industrial power over many decades being turned into a paper-pushing scrap heap. Rather than discussing the fraud that is the measure of the nation's increased Gross Domestic Product, instead we get frauds telling us how to continue on amidst the carnage.
Social Security was intended to be a shining apple produced by a healthy, growing physical economy. In truth the issue here does not rest with the fruit. Rather, the real problem lies with the tree. It is diseased and cannot be resuscitated without reorganization in bankruptcy.
—Tom Chechatka
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