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RetirementDebate.com via Cato Institute
Mar. 13, 2008
Excerpt: Social Security is the largest government program in the world, accounting for 23 percent of the federal budget. The Social Security tax is the largest tax that the average American family pays. Nearly 80 percent of Americans pay more in Social Security taxes than they do in federal income tax. Millions of seniors depend on social Security for their retirement income, yet the program is unsustainable. It cannot pay future benefits without drowning our children and grandchildren in a sea of debt and taxes. Perhaps the candidates could spare a few minutes to tell us what they would do about that.
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