What cruel irony that we learned last week that Social Security is going broke even sooner than we thought. The Social Security trust fund will be exhausted in 2032, according to the latest Trustees Report. How odd that it is even referred to as a "trust fund," because there is no trust, and there is no fund.

Because of the Ponzi scheme structure of Social Security that only works if you have more young people paying in than old people collecting checks, the system is crashing. Right now, roughly 11,000 Americans are retiring every day (the Baby Boomers), and only about 8,000 Americans are entering the workforce, thanks to the declining birth rate.

This is why the red ink gets deeper every year and the government won't even be able to pay the meager benefits promised.

This financial train wreck should have been solved decades ago; it could have, if Congress had allowed all young people to take the 12 percent snatched from every paycheck and instead invest in the stock and bond market over 40 years. If this had happened, people like me who are nearing retirement age (I'm 66 years old) would have about $1.5 million........

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