Social Security

Social Security Has Not Changed

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The American Association of Retired Persons (AARP) is touting the changes to Social Security for 2014. Instituted during the New Deal, Social Security, a federal Old-Age, Survivors, and Disability Insurance (OASDI) program, provides monthly benefits for retirement, disability, survivorship, and death to about 57 million Americans, including survivors and dependents. Social Security is “funded” by a payroll tax deduction ... [click for more]

The Problem with Conservative Plans to Save Social Security

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The largest expenditure of the federal government is Social Security. According to the most recent annual report of the Social Security Board of Trustees, in 2011 $725 billion in Social Security benefits were paid to 55 million Americans, plus other expenses of $11 billion. The three major entitlement programs — Social Security, Medicare, and Medicaid — account for almost half ... [click for more]

Should Social Security Be Saved?

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Speaking at a conference for a finance trade association in Chicago, former President George W. Bush said that the biggest failure of his administration was not privatizing Social Security. In 2001 the President’s Commission to Strengthen Social Security was formed. This bipartisan, 16-member commission issued a report that included three reform proposals, all of which allowed workers to voluntarily transfer ... [click for more]

FDR’s Social Security Paradox

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If Social Security is so wonderful, why were people forced to participate, why was it set up as a monopoly, and why did it dump ever-larger costs onto the backs of future generations? There never was a popular demand for Social Security, even during the Great Depression. Few Americans were ... [click for more]

Social Security Demeans Workers

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We can thank President Bush for reminding us that Social Security is not a pension or insurance plan but a welfare program. He did that recently when he proposed changing the benefit structure to favor (even more) low-income retirees at the expense of the “better off.” Whether this ... [click for more]

Why Save Social Security? Revisited

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My article “Why Save Social Security?” generated so much email, both pro and con, that I thought I would share some of the comments with you, along with my response to some of the points made by them. Email supporting repeal “Please continue this attack to eliminate this ... [click for more]

Social Security’s Malign Premise

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Take note of the sheer panic displayed by the left-socialist opponents of President Bush’s Social Security proposal. We can divine some significant information from that reaction. The president’s suggestion (no detailed proposal has been offered yet) would not give individuals anything like the control over their own incomes ... [click for more]

Government’s Social Security Mess

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It’s hard to say how the debate over Social Security will turn out. Considering that the system rests on the three-legged stool of the welfare state — coercion, deception, and paternalism — it’s hard to see a case for anything but abolition and the individual right to control one’s ... [click for more]

Why Save Social Security?

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In their desire to reform or save Social Security, some advocates of free enterprise display a reluctance to openly call for the repeal or dismantling of Social Security or even to suggest that their Social Security reform plan would gradually tend in that direction. For example, the conservative Heritage Foundation, ... [click for more]

Why Trust in Social Security?

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Isn’t a central argument among those who argue for the continuation of America’s premier socialist program, Social Security, that Americans cannot be trusted to voluntarily take care of the needs of their elderly parents? Let’s set aside all the nonsense about “I put it in and therefore I have a right to ... [click for more]

The Socialism of Social Security

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The crown jewel of the socialist welfare state in America is Social Security. Rooted in the socialist predilections of Otto von Bismarck, the iron chancellor of Germany in the late 1800s, Social Security is one of the most immoral, anti-family socialist programs in America today. It also perfectly embodies the American peoples denigration of the great God-given gift of ... [click for more]
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