By John Stossel:
Social Security is running out of money.
You may not believe that, but it’s a fact.
That FICA money taken from your paycheck was not saved for you in a “trust fund.” Politicians misled us. They spent every penny the moment it came in.
This started as soon as they created Social Security. They assumed that FICA payments from young workers would cover the cost of sending checks to older people. After all, at the time, most Americans died before they reached 65.
Now, however, people keep living longer. There just aren’t enough young people to cover my Social Security checks.
Read more: Townhall