Why Does the Government Pay For Retirement?

Have you ever wondered why we have a Social Security system? Now that the Obama administration and Congress are facing a “fiscal cliff,” it’s time to rethink that question.

Our federal deficit problem requires reforming the entitlement programs, the biggest of which are entitlements for the elderly. The necessity of reform will force us to ask why we have these programs in the first place. What are we trying to achieve?

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