You know, 600,000 millionaires get a Social Security check every month. I think there's enough waste and inefficiency.
Sentiment: NEGATIVE
It's hard to exaggerate the importance of preserving the financial integrity of Social Security.
Social Security is the very foundation of retirement security for millions of Americans.
If we didn't have Social Security, our seniors would live mostly in poverty. You'd have another 18 million people in poverty.
Certainly Social Security needs to be reformed.
In other words, Social Security is every bit as insecure as the stock market.
Ask anyone on Social Security if their check comes on time every month. Like clockwork. And it comes through the so-called dilapidated U.S. mail. My dad's check literally will come on the same day every month. The government has been quite good and efficient at creating a number of systems.
Today there are about 40 million retirees receiving benefits; by the time all the baby boomers have retired, there will be more than 72 million retirees drawing Social Security benefits.
I know that plenty of folks have issues with Social Security, but I'd urge them to confront it on its own terms. Calling it a Ponzi scheme is misleading and does more to cloud the issue than it does to illuminate it. And yes, I do know that unless changes are made, the current system is unsustainable. But that doesn't mean it's fraud.
Social Security is not just another government spending program. It is a promise from generation to generation.
What's lost in this whole debate, unfortunately, is that Social Security is not a giveaway where we take money to give to other people. It's a contract with the government... that's worked for 75 years. It's the most successful government program that we've ever had.