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Social security, retiree Ponzi scheme $16 Trillion short

By: Laurence J. Kotlikoff Retirement Planning Views: 4965 | Comments: 0 | Votes: 0

Laurence J. Kotlikoff

Social Security just celebrated its 75th birthday. Love it or hate it, it has done its job and should retire. We need a new system, the Personal Security System, which retains Social Security's best features, scraps the rest, and covers its costs. Social Security's objective - forcing people to save for retirement - is legit. What about cutting defense instead? Laurence J. More