Monday, December 15, 2014

How Social Security Makes Us Poorer

When you read that Social Security lifts 50 percent of seniors out of poverty, keep in mind that it was largely the cost of Social Security that put them there. It's the perfect example of government incompetence creating higher costs and misguided incentives—and delivering exactly the opposite of what it promised.

The contradiction stems from the cost of Social Security, which has exploded.
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