"Fixing" Social Security

 

I could fix Social Security in 5 minutes with just 2 simple changes. First, the money that it collects MUST be invested and second only people who PAID into Social Security will receive it.
Right now the "Trust Fund" is a drawer of IOUs that are US Treasury bills which means that there is NO trust fund !! The US government took the surplus for decades and replaced the money with worthless US T-Bills. So, where is that money going to come from ?? By the way the '$19 trillion' federal debt does NOT include either this liability OR government pensions. When that is added in, the Federal debt is truly well over $100 trillion and there is NO WAY to ever pay that, but that's another discussion.

Next, millions upon millions of people are collecting Social Security that never paid a dime into it. Immigrate to the US at 67, here's a Social Security check. Also SSI is massive where alcoholics and drug addicts who have never paid a dime into Social Security get a check.
I'm not hard hearted and you could move these people onto Welfare but if you did those 2 things, Social Security would still function. 

 
Instead what will happen is the politicians will keep "kicking the can down the road" until it goes almost broke and then they will raise the retirement age to 70 and most people who paid the most into it won't get it and it will turn into a very expensive welfare system.