For more than 20 years, the Government Accountability Office has been warning that the varioius Social Security funds would go broke in a matter of decades unless something is done to shore up the program.
Unfortunately, there are limited options when trying to address this crisis. You can employ a combination of raising the retirement age and/or increase the FICA tax. Other than that, you're rearranging chairs on the deck of the Titanic.
But President Obama – who is fully aware of the threat of insolvency – is now proposing that Social Security benefits be increased and wants the "rich" to pay for it.
The smartest guy in the room, right?
(Excerpt) Read more at americanthinker.com ...
