Monday, May 28 , 2018, 12:55 am | Fair 58º

 
 
 

Letter to the Editor: Social Insecurity

I’m a little insecure about my Social Security. The baby boom is coming into the years when they will need Social Security benefits, but the government has loaned the Social Security trust fund to itself.

With an $11 trillion deficit, the government is bankrupt, so this is not reassuring. Something needs to change to make the system sustainable for future retirees.

Perhaps the first thing to establish is just what Social Security is supposed to be? Is it intended to provide security so that the retiree doesn’t starve or go on welfare? We could call this retirement security insurance. Or is it intended to be an enforced savings account that disburses the funds paid into it to the contributors at a certain age?

If the system is retirement security insurance, then those who are financially secure without payments from the Social Security trust fund should not receive them, certainly not above the amount paid into the system. Because it is called Social Security, I think this is the likely case, and recipients should be means tested before receiving benefits.

Something will have to be done before the baby boomers retire and leave the burden on the smaller group of wage-earners following them.

Rowland L. Anderson
Santa Barbara

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made through PayPal below, or click here for information on recurring credit-card payments.

Thank you for your vital support.

Become a Supporter

Enter your email
Select your membership level
×

Payment Information

You are purchasing:

Payment Method

Pay by Credit Card:

Mastercard, Visa, American Express, Discover

Pay with Apple Pay or Google Pay:

Noozhawk partners with Stripe to provide secure invoicing and payments processing.

  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click Here to Get Started >

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.

Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >