Source: Independent Institute
by Alex Tokarev & Kristin Tokarev
“Everyone knows the math is getting worse. Americans are living longer. Birth rates are falling. Fewer workers are supporting more retirees. The Social Security trustees project the program’s trust funds will be depleted in the early 2030s, leaving payroll taxes insufficient to pay all scheduled benefits unless Congress acts. Yet every election brings the same warning: Don’t touch my Social Security! That’s why President Donald Trump’s reported interest in Australia’s retirement system matters. Not because Australia has discovered the silver bullet for that fiscal monster. Because someone in Washington is finally asking whether a retirement system designed during the Great Depression is still the best America can do in the 21st century.” (10/16/26)
https://www.independent.org/article/2026/10/16/the-third-rail-is-dead/