Jack Crivici-Kramer

The way to think about the situation with Social Security is like, Jack, could you put this in, I don't know, NBA basketball terms for us, please?

It's having Shaquille O'Neal on your roster, but keeping him on the bench.

Uh-huh, doesn't make sense.

Because every U.S.

worker and every U.S.

company pays a Social Security tax as a payroll tax.

Not too shabby, 6.2% each up to certain limits.

a lot of money, 12% per employee.

And that money pays out thousands of dollars a month to retired people like a pension.

It's a huge program.

Have you seen Shaq's shoes?

Yeah, that's social security.

So social security is a giant source of poverty prevention.

In that sense, it's been a huge success.

Oh yeah, giant win for the New Deal going back 91 years now.

But Social Security is on track to become depleted by 2033.

What Jack and I are saying is kind of like M&Ms, we are running out of Social Security.

Because we haven't raised taxes and we haven't cut benefits.

And our population's got some number problems.

Too many old people, not enough young people.