Here’s how Social Security works: every month we take in taxes from working people and every month we turn around and distribute those taxes to retirees. That’s it. That’s how it works, and everyone who actually knows anything about the program knows that’s how it works. Taxes come in, benefits go out. And the key to solvency is simple: making sure that those taxes and benefits are in balance …. Now, morally speaking, we certainly have an obligation to keep Social Security running. After all, today’s seniors did their bit back in the day and provided benefits to yesterday’s seniors. But again, that’s true of every government program … If Social Security is a ‘monstrous lie,’ as Rick Perry says, then the entire federal government is a monstrous lie.
— Kevin Drum, writing in Mother Jones.
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