and on a lighter note, here's Larry Elder on Social Security.
In 1992, the Wall Street Journal asked President Clinton, "Let's run a couple [of deficit cutting schemes] by you just to see if you would entertain them: raising the retirement age for Social Security benefits." Clinton answered, "I think it's something we ought to look at, I sure do. When Social Security was instituted . . . the retirement age was pegged at an age that was higher than the average life expectancy of the people paying into the system. The average person that actually drew retirement benefits spent about five or six of their adult years in retirement. Now, with the fastest growing group of the population over 80, by the turn of the century the average person could literally spend 20 years in retirement. . . . "He's right, and it's one of the biggest problems with Social Security. As originally intended, it was to provide benefit for those who were of strong stock, and managed to live past life expectancy, NOT to supplement retirement benefits.