This blog is a random collection of information, partly in support of my quotations web site. Other topics include wine, military news, economics, history, libertarianism, and other random things which happen to strike my fancy. Backup site is at http://quotulatiousness.blogspot.com/ (if there are no posts showing, hit the backup blog for explanation). Comments have been turned off, as the spam was getting too much to handle. Comments can be emailed to me for posting.

October 24, 2008

Part four of the social security story: Broken Trust

Worried about the viability of Social Security? Unless you're already collecting it, you should be!

Follow the animated adventures of Sonny, exactly the sort of youth who is set to get screwed by a system designed during The Great Depression, when workers were plenty and retirees rare.

In Episode Four, Sonny learns the big secret of Social Security: That all payroll taxes go into the federal government's general fund and are spent on all sorts of programs and activities that have nothing to do with individuals' retirements.

Posted by Nicholas at October 24, 2008 04:25 PM
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