I urge you to invest Social Security assets in broad markets, like State government pension systems. Let INVESTMENT RETURNS fund the bulk of benefit costs. More payroll contributions or benefit reductions will NEVER 'fix' Social Security. STOP 'loaning' its Trust assets to our Federal Government at ridiculously LOW T-bill rates.
Why is this important?
Social Security is unsound BECAUSE the Feds use it as their piggy bank. Instead of investing Trust monies, they 'borrow' Trust assets in the form of 'special issue' T-bills. These pay stupidly LOW returns to the Trust. In contrast, State government pension systems invest in broad markets. Those pay TWICE the benefits of Social Security, at EARLIER ages, and at LESS in payroll contributions. It is INVESTMENT RETURNS that are needed to properly fund Social Security, and NOT benefit reductions or higher payroll contributions! Duh!
