Chris Christy right on Social Security

The three biggest drivers of our current and future federal spending deficits are Medicare, Medicaid, and Social Security.  All three programs are increasing faster than their revenues, and are not sustainable in their current form.  Presidential candidate Chris Christy just announced his idea to help sustain our Social Security program.  I think he has a good idea.  As a libertarian, I could easily argue that it is not a proper role of government to force people to pay into a system such as Social Security.  But it is true that Social Security has kept, and continues to keep, many senior citizens our of poverty.  He proposes to phase out payment of benefits for seniors starting with those who have incomes greater than $80,000 per year, and completely ending payments to those with annual incomes greater than $200,000.   Additionally, he proposes for increase the normal retirement benefit from age 67 to age 69 for young people who are far away from retirement.  Those young people are expected to be healthier and live longer that previous generations.  They will still get retirement benefits for 15 to 25 years or more.  If they are unable to work, they will have disability benefits.  This proposal is better than increasing taxes.  This will change the system to one based on need, rather than one based on what a person has paid in.  Who has a better suggestion?


Please Comment Here

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s