Government
Oct. 12, 2012
How Libertarians would fix the Social Security system
Social Security has always been a "pay as you go" system, and even if there were a lock box, it would only be filled with government IOUs that are worthless.
James P. Gray
ADR Services Inc.Business and commercial contracts, real estate, construction, employment, PAGA, probate, legal malpractice
19000 MacArthur Blvd #550
Irvine , CA 92612
Phone: (949) 863-9800
Fax: (949) 863-9888
Email: jimpgray@sbcglobal.net
USC Law School
James is a retired judge of the Orange County Superior Court, a private mediator and arbitrator with ADR Services Inc., the author of "Wearing the Robe: the Art and Responsibilities of Judging in Today's Courts" (Square One Press, 2009), and the 2012 Libertarian candidate for vice president, along with Gov. Gary Johnson as the candidate for president.
The federal government has been lying to the American people about the Social Security system - for decades. There is no "lock box," and never has been. Social Security has always been a "pay as you go" system, and even if there were a lock box, it would only be filled with government IOUs that are worthless. Thus, this system will clearly run out of money, the only question is when. The reason is based upon simple mathematics: when Social Security was created in the 1930s, there were se...
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