What would happen if Social Security was ended?

Over the next five months, our nation's political candidates will debate how to improve the economy, strengthen our standing in the world, and tackle difficult social issues. Although it has yet to garner the type of attention it deserves, Social Security will have its time in the limelight as well. read more

On the other hand, if Social Security was discontinued presumably this would mean that taxes would be lower as workers would no longer be subjected to the Social Security wage tax. However, given that Social Security spending is outpacing the taxes coming in, this probably means a net negative to the economy. read more

If the program ended tomorrow, they wouldn't, and Social Security really would become a Ponzi-like system. The results would be the same as when any massive economic fraud collapses—a calamity. Poverty among retirees would surge. read more

There's been a lot of talk about the insolvency of entitlement programs in America, specifically Social Security. Both pundits and politicians have their own ideas on the problems and possible solutions facing the nations failing SS program. read more

I know I would die, I don’t have the courage, tolerance, or hope I once had before all my health issues took over. I’d die either from untreated illnesses I suffer with right now, cancer, a ruptured Triple A, or self-imposed intentionally. read more

Bad things, at least in the near term. As Jackie Calmes of the New York Times points out, the difference between Social Security and a Ponzi scheme is that people who have paid into Social Security will eventually collect their money. If the program ended tomorrow, they wouldn't, and Social Security really would become a Ponzi-like system. read more