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Thursday, September 16, 2021

Clanging the Klaxon 

Here is a story that appears often but few listen.  Worries about a Social Security shortfall are decades long, but Congress, so far, has done nothing about it.  Instead, it keeps pouring money out of the fund and ignoring the consequences.  It is like the relentless warnings about COVID and the need to get vaccinated.  Some won't listen no matter the amount of communication. Only a crisis can precipitate action and it is still more than 10 years away.  Congress won't touch the system because it is a third rail in politics -- deadly to one's political career.  Yet, the problem will be made worse by delay.  The rational action would be to deal with the issue now, but logic has no part in the discussion.  It's a sad state of affairs.  


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