Source: The Daily Economy
by Ethan Nevid
“How can one sign a contract before birth? That question can’t be answered by President Bill Clinton, who said ‘we mustn’t break the solemn compact between generations,’ in a 1998 address on Social Security. Such a speech constructs Social Security as a contractual mandate in need of protection rather than an insurance and redistribution program. Grand national ‘contracts’ should face significant scrutiny, as they borrow the moral force of a contract without the requirements that define one. … Legally, the four requirements of a contract are offer, consideration, acceptance, and an intention to create legal relations. A person not yet born cannot be offered a contract, consider it in any manner or ask for compensation, accept it in any way, or intend legal relations. By any measure, Social Security cannot be a legal contract.” (07/14/26)
https://thedailyeconomy.org/article/social-security-is-not-a-generational-contract/