What About Social Security?

Published: April 18, 2023, 7 a.m.

So, what do you know about Social Security? USA Today reported that President Joe Biden\xa0should learn a lesson in leadership\xa0from Emmanuel Macron, his counterpart across the pond. The French president has followed through\xa0on campaign promises\xa0to address pension shortfalls by\xa0raising the retirement age to 64 from 62. Guess what? A\xa0lot of people don\u2019t like it, and the French have taken\xa0to the streets.\xa0Yet, Macron isn't deterred by the potential political fallout. He knows it must be done.\xa0\u201cOne cannot play with the future of the country,\u201d\xa0Macron said recently\xa0to government ministers. Rather than talk straight with Americans\xa0about what must be done to ensure that U.S. entitlement programs such as\xa0Social Security and Medicare remain solvent, Biden prefers to play politics. So calling upon Ronald Reagan for wisdom, we\u2019ll listen to two addresses in this podcast on the subject \u2013 the first from November 1977 which goes into the history and purpose of Social Security\u2026and in the second half of the podcast, we\u2019ll listen to his speech, six years later, in 1983 after amendments were finally made to save the system.