The only real fix to Social Security’s problems? More babies.

Source: Washington Post
by Megan McArdle

“Maybe the Social Security Administration knows something I don’t, and this is the year that American women have decided to step up and really do their part to help fix Social Security’s finances. But it seems more likely that they couldn’t bear to tell us the whole truth all at once: We aren’t replacing ourselves anymore, and without enough workers to support us, we can’t all spend decades in retirement. … we could import workers through immigration. Undoubtedly, that will be part of the solution. But right now, that solution is triggering a fierce political backlash. Moreover, birthrates are also falling in the countries from which we draw immigrants, often precipitously.” [editor’s note: Or we could, you know, shut down the Ponzi scheme instead of just waiting for it to collapse – TLK] (05/14/24)