Is Social Security Eight Years from Extinction?
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Is Social Security Eight Years from Extinction?
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First, they applaud Montana Sen. Tim Sheehy for highlighting that the cost of living is too high for many Americans, especially in housing, grocieries, and medical care. In his Wall Street Journal op-ed, Sheehy dismisses Democrats’ strategy of pouring more money into every problem and instead calls for deregulation, health-care price transparency, and other market-based reforms.
Next, they blast the British government for eliminating jury trials for defendants likely to face three years or less in prison if convicted. The excuse is that there is a huge backlog in British courts. Jim and Greg blast the lefties in the UK for this attack on a fundamental part of western justice and point to ways this change could easily be used to punish political opponents of the current government.
Finally, they react to stark projections that Social Security could collapse in just eight years without serious reform. Both parties have ignored the problem for decades. The left will eventually want to raise taxes, and no one will want reduced benefits. Jim says Congress missed a good opportunity to help fix this problem twenty years ago. And he points out one other group to blame for the problem getting so bad.
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