Category Archives: Updates

Why Don’t We Regulate Social Security Like Pension Funds?

Ann Davis is a little bit more optimistic than I am that the politicians in Washington will do the right thing.  She a great article in the Idaho State Journal about the the state of Social Security and the huge amount of money owed to our Social Security Trust Fund by the Federal Treasury. There… Continue Reading

Former Senator DeMint: “Social Security is not only an underfunded pension plan–it is a completely unfunded pension plan.”

Former Senator from South Carolina Jim DeMint gives a speech on the Senate floor supporting a 2007 proposal to amend the budget such that Social Security surplus money collected via the payroll tax could not be used for general spending. He goes on to propose that we deposit surplus funds into a reserve account to… Continue Reading