Social Security started out as a few dollars a month to the elderly, in their last two or three years of life, to ensure that they could feed themselves without the indignity of borrowing from their children.
It has morphed into someone living well for twenty years on far more money taken than was put in — or a young family with a dyslexic child on “disability” for life.
To cut any for the latter would cause far more riot and mayhem than not to have given the former anything in the first place — despite the fact that the 21st century recipient was far less needy and got far more than the early 20th century recipient who needed more and got less.
What stops socialism?
I fear bankruptcy alone.
Who are socialists?
There are none. Only technocratic overseers who wish to give someone else’s money to others as a means of winning capitalist-style lifestyles and power for themselves — in a penultimate cycle of unsustainable spending. When this latest attempt at statism is over, Barack Obama will enjoy a sort of Clintonism, a globe-trotting post officium lifestyle of multimillion dollar honoraria to fund a lifestyle analogous to “two Americas” John Edwards, “earth in the balance” Al Gore, a tax-exempt yachting John Kerry, a revolving-door Citibank grandee like Peter Orszag, or a socialist Strauss-Kahn in $20,000 suits doling out billions to the “poor.”
That is just the way it has been and will always be.