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As you know, social security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.
-Steve Israel
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As You Know, Social Security Functions Under

Steve Israel
As you know, social security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.
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Generations Benefits Today

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Today there are about 40 million retirees receiving benefits; by the time all the baby boomers have retired, there will be more than 72 million retirees drawing social security benefits.
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I'm making a lot of money. i should be paying a lot more taxes. i'm not paying taxes at a rate that is even close to what people were paying under eisenhower. do people think america wasn't ascendant and wasn't an upwardly mobile society under eisenhower in the '50s? nobody was looking at the country then and thinking to themselves, "we're taxing ourselves into oblivion." yet there isn't a politician with balls enough to tell that truth because the whole system has been muddied by the rich. it's been purchased.
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The reason social security is in big trouble is we don't have enough workers to support the retirees. well, a third of all the young people in america are not in america today because of abortion, because one in three pregnancies end in abortion.
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Today's children are living a childhood of firsts. they are the first daycare generation; the first truly multicultural generation; the first generation to grow up in the electronic bubble, the environment defined by computers and new forms of television; the first post-sexual revolution generation; the first generation for which nature is more abstraction than reality; the first generation to grow up in new kinds of dispersed, deconcentrated cities, not quite urban, rural, or suburban.
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Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers in america today. and that's a disgrace. it's an absolute disgrace and it's got to be fixed.
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According to the social security administration, in 1945, 41.9 workers supported each individual retiree, while today only 3.3 workers support each retiree. this system cannot continue.
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