The most obvious answer is because politicians don’t tell the truth and Americans don’t want to hear the truth.
Any fix to make SS not only solvent but sustainable requires modest changes over several years and those changes must affect each and every American young and old. Done right there is even room to increase benefits to some degree.
But we are so mired in political acrimony nothing gets done. Our efforts are more focused on vilifying Paul Ryan and his limited ideas.
A year ago I wrote about the Social Security 2100 Act, in my opinion a good place to start fixing Social Security. It’s a Democratic idea so it has been ignored as has Social Security in general except by the likes of Sen Sanders who wants expanded benefits based on the false claim the program has a surplus and either doesn’t understand the system or intentionally misleads. The sad part is that so many Americans believe him.
Social Security cannot continue as it is. There is no need to turn it into a new welfare program. Changes can be modest over several years. But it never will be nor should it be the only source of Americans retirement income.
Here is the link to a previous Quinnscommentary post on this Act
Categories: Social Security