As I Think All Americans Understand On

The Reality Is That The Workforce Relative To The Number Of People Retired Has Shrunk And Today In America There Are Only 3.3 Working Americans Paying Payroll Taxes To Support Each Individual Currently Retired And Collecting Social Security Taxes.

If The United States Is To Protect Itself From The Economic And The Political Threats Created By This Excessive Dependence, We Must Reduce Our Reliance On Foreign Energy Sources And On Foreign Oil As Quickly And As Efficiently As Possible.

Germany, I Think, Was First To Substitute A Social Security Program For Its Elderly Based On This Premise, That Is, That We Would Tax Workers To Pay Retirement Benefits For Those Retired.

But With A Rate Of Return Of 1.6 Percent Or Less, Or A Negative Rate Of Return, Our Children And Our Grandchildren, If We Do Not Make Changes, Will In Fact Not Have A Secure Retirement. Indeed, They Will Not Have The Funds When They Go To Retire To Even Minimally Get By.

As I Think All Americans Understand On Both Sides Of The Aisle, The Social Security System As It Is Structured Today Is A Pay-as-you-go System.