President Biden and leading Democrats are accusing Republicans of trying to destroy Social Security. That is important because Senior Citizens are making up an increasing portion of the population, particularly those of voting age. It is also important because Social Security makes up a large portion of the income for a large number of Seniors. If it fails, then a large portion of the population will be impoverished. Liberal politicians and the media have increasingly been pushing the narrative that Social Security will run out of money. Such scare tactics are designed to scare Seniors into voting in Democrats to save their income. However, allowing fear to drive people to rash decisions is not helpful. We need to look at the facts to help us make rational decisions. Social Security was designed to be a savings plan to help Seniors in their old age. It would involve taking out money from their employment during their working years and investing it so they would have an adequate income during their retirement years. That was smart thinking. However, since then, society has changed and politicians have changed the program. Those changes have created the problems we have today. In the beginning, Seniors died shortly after retiring or were helped in other ways, either by their family, or by retirement homes and nursing homes. It was also felt that workers would also save toward their retirement to supplement their Social Security. At that time, Seniors made up a very small portion of the population and received help for a short time. In contrast, the majority of the population was of working age and were paying into the fund. As a result, the fund grew rapidly. That money was invested and drawing income which further fueled the growth of that fund. As designed, it looked like the fund would be adequately funded for the foreseeable future. However changes have occurred that threaten the fund.
Senior Citizens-A
10
Jul