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Social Security has been in the news a lot lately, given that it, along with Medicare, have the biggest chances of bankrupting the country's financial health. With tens of millions of Baby Boomers about to enter retirement and the associated programs of Social Security and Medicare, unless serious steps are taken soon to get both programs under control, the future of the United States and the freedoms it should afford us will be serious jeopardy.The big question is whether or not the American political class has the brains and the backbone to step up, make the difficult and unpopular choices, and fix the situation. Early indications are that they are not, given what happened when the President's Deficit Reduction Commission proposed, after months and months of analysis, changes to the current Social Security parameters in order to save it from insolvency. Quicker than you can say politics, Nancy Pelosi jumped up and vowed there would not be any changes to Social Security but gave no indication on why there should not be any changes, proposed an alternative solution, or gave any indication she understood the underlying numbers.If she did take a few minutes to understand what a scam...more
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