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Social Security faces a future that’s insecure in the extreme.  Designed to make seniors financially safe, it’s fiscally unstable  itself — statistically bankrupt, in fact.  Why?  Because our government has  failed to respond to demographic issues that have been predictable ...Read more

Starting this new year of 2011, an average 7000 baby boomers will be turning 65 every day through 2029.  By 2030, an estimated 78 million Americans will be at least 66, and the retirees, their surviving spouses or dependents may ...Read more

President Obama submitted a budget earlier this year that includes soaring debt and deficits that even White House Director of Management and Budget Peter Orszag admitted are “unsustainable.”   Perhaps not wanting to showcase an equally irresponsible budget, Congress is not ...Read more

“Budget?  We don’t need no stinking budget.” That is what Congressional Democrats seem to be saying, kind of like the classic line from The Treasure of the Sierra Madre (“Badges?  I don’t have to show you no stinking badges!”).  Until ...Read more

FDR Signing Social Security Act August 14, 1935

Government deficits and debt have reached alarming levels today, and the unfunded liabilities of tomorrow are even more staggering.  The key to attaining fiscal sobriety is entitlement reform, and Social Security is as good ...Read more