The Future of Social Security

We cannot guarantee Social Security benefits for future generations. The Social Security Trust Fund contains only 20% of the amount required to be solvent. It was never planned to have a sound actuarial basis. Most contributions have been spent on retiree benefits instead of investment in the trust fund for current workers. The system envisions workers supporting retirees forever. It is not possible to guarantee that future generations will continue this system. We favor a transition to a voluntary system as soon as possible, recognizing that the victims of this scheme may need the help of, once again, voluntary associations of people with a sense of responsibility to their local communities.

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