Social Security – The Failing System-A Fresh Perspective – Jan. 28, 2005


”’Editor’s Note: Ever wonder what Hawaii’s college and high school students are thinking about? Here is a glimpse of some of the best these future leaders have to say about issues that concern them.”’

Although the American public is slowly recognizing that Social Security is not a savings program, many people are now referring to it by its proper description: the transfer system. The FICA taxes a working citizen pays today does not go into an account designated for her or his future retirement. Instead, the program collects money from today