OK, I give up. Who is going to do that? Jerry Brown? The Dem state house? The Mayor of Los Angeles? The federal government?
My plan gets government substantially out of the pension business in a generation.
Your plan continues the Ponzi scheme and there is no way that it will end SS. The political will doesn't exist to do it.
If smoking- and obesity-related illnesses are not a substantial portion of Medicare/Medicaid, then what is?
An aging population. 10,000 people are retiring every day and will continue to do so for the next 20 years. By 2030 one in five residents of this country will be 65 or older, about twice what it is now. And by 2030, there will be only two workers for every retiree. FYI: Obamacare adds 18 million to the Medicaid rolls.
My plan would effectively end Social Security in about 35 years.
As far as there being no political will to correct any of this, I never said there was.
What’s your solution?