"[American seniors] want their Social Security and their Medicare to stay the way they are -- and their anger is directed against those who want to change the financial arrangements that pay for these benefits. Their anger should be directed instead against those politicians who were irresponsible enough to set up these costly programs without putting aside enough money to pay for the promises that were made -- promises that now cannot be kept, regardless of which political party controls the government.
“Many retired people remember the money that was taken out of their paychecks for years and feel that they are now entitled to receive Social Security benefits as a right. But the way Social Security was set up was so financially shaky that anyone who set up a similar retirement scheme in the private sector could be sent to federal prison for fraud.
“Despite irresponsible political ads showing an old lady in a wheel chair being dumped over a cliff, the people who are really in danger of being dumped over a cliff are the younger generation, who are paying into Social Security but are unlikely to get back anything like what they are paying in.
“ What needs to be done is to allow younger workers a choice of staying out of a system that is simply running out of money." --economist Thomas Sowell
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