Issue Position: Social Security

Issue Position

When enacted in 1935, the Social Security Act showed 13 working American's paying into it for every single American receiving it. The math added up and and it worked. It also made more sense considering the average age of death in 1935 for men was 59.9 and 63.9 for women because Social Security did not payout until you reached the retirement of 65. Basically, it was designed to make you pay into a system for your entire working career with the odds against you in ever seeing a payout. Then when you look at how the Federal Reserve borrowed and borrowed from the Social Security general fund (to this day not paying it back), one is left wondering what this act was actually designed for.

Bottom line is that today, we see roughly 2.5 working Americans paying into Social Security for every single American receiving it. The math and numbers DO NOT add up anymore. And the average age of death today is over 76 for a male and 81 for a female. So now we are seeing a dramatic cut in funding and a dramatic increase in people receiving it.

It is crystal clear that we need to do something about Social Security and sitting back and ignoring the realities of most of us never seeing a dime in benefits when we retire is not an option. This government run program, like others, has failed and we need shut it down and privatize it.

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