Chicago Daily Observer

Age typically is associated with maturity, with maturity being associated with taking on adult responsibilities like providing for one’s self and one’s family. Yet in his Chicago Daily Observer column, Don Rose demands that as our population ages, our politicians should take the expedient 10–15 year time frame, rather than acting as stewards for lasting financial security. Whatever his reason, it’s clear he doesn’t want to address the underlying actuarial problems of Social Security.

This is the equivalent of US retirees throwing a big party and then flying out of town at the end of the party, leaving friends and family to clean up the mess. Or, really, just the younger friends and family.

If you know anything about mathematics, you know that Social Security is a demographic time bomb. It will begin to run a deficit at some ... Read More...