Issue Position: Social Security & Medicare

Issue Position

The question now is who will lose the money they paid in and how much will they lose? In a contractual society, political opinion does not determine if you will receive your retirement savings. If the contract is simply for storage and protection of your savings, the amount deposited is the amount you will receive. If the contract includes loaning of the money at interest or for investment purposes, there is a risk of loss associated with the possibility of profit. The US government and our representatives have deceived the public into believing that social security and medicare benefits are not subject to loss like those in the private market. Now that we know this is not true, what should be done? We can raise taxes and pretend the problem won't recur. We can cut benefits to some and protect benefits for others and pretend that the problem won't happen again. But is it right to steal the deposits of one person and give them to another? The likelihood of such shenanigans happening again in the future is assured. Political promises are always subject to revision depending on the current political climate, economic factors, and momentary circumstances. Rather than continuing to place everyone's retirements into such an obviously unstable situation, we should pay out all benefits to those who have paid in and return the responsibility of retirement planning to individuals and employers. This secures the elderly who are already dependent on Social Security and Medicare but gives others the opportunity to pursue more sustainable opportunities.

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