OMB Director Says Social Security Will Be Fine

Payroll taxes alone cannot keep it afloat. They may have to double or triple for two workers to support one retiree, as will be necessary. That is, as so many government programs are these days, UNSUSTAINABLE. That the OMB Director would tell such an incredible bald faced LIE is playing disgusting partisan politics. But then again, after two years, we should be used to that. He's been called out as disingenuous even by Left wing papers. And in fact exactly contradicted what he himself said two weeks ago how the SS Trust Fund could not be considered for providing any revenue for benefits. SS reform is not about cutting benefits. It's about making small changes now to ensure there are no future cuts to those already receiving/or about to receive benefits. The selling point is the absolute reality that it has to be reformed to have a future. Opponents can obfuscate and confuse the elderly all they want, but that does not change the facts. There is no trust fund. And benefits are already greater than revenue. BTW, SS has already been privatized. By government employees who have been allowed to opt out. Tell them they have to get on SS instead and see how horrible it is to have self directed retirement. SS is actually easy. It's Medicare that's unsustainable NOW. That solution isn't as simple. The whole framework has to change, leaving government out. Competition has to be introduced in health care by giving patients vouchers and letting them shop around for the most cost effective solution. That's the best method of controlling prices. Nothing government manages ever works very well, due to inefficiency, corruption, and politics.

Michael Kohlman of OH 8:29PM March 04, 2011