What the results of a Connecticut congressional primary race may mean for Social Security
The full retirement age needs to be increased gradually to 69 from 67 over the next forty years, just as it was from 65 to 67 starting in the 1980s, and a two-point increase in the payroll tax, shared equally by employers and employees, needs to be passed immediately.
Sorry, but that's the deal.
You cannot expand benefits, and you cannot tax people to oblivion to pay for a retirement system who will never have a reasonable expectation of receiving benefits under the program commensurate with what they contributed.
The $1.45 trillion spent by Social Security in retirement benefits in 2025 is NOT welfare.
