CONTINUATION………………………………..

REGARDING: Changes are certainly needed to keep Social Security working to reach the goals it was established to meet, he says. Either benefits will need to be curtailed or the government will need to kick in funding, he says.
RESPONSE: Ah, ha!! He is correct. This is the crux of the matter. Congress’s clients would prefer to not pay for the workers who have allowed them (the top 0.1%) to accummulate their wealth, i.e., without the workers, the clients would not have been able to accummulate that wealth.

REGARDING: But again, it’s not a Ponzi scheme, but a retirement system where the demographics have changed, he says.
RESPONSE: Genre: If one repeats something enough times, one may tend to believe it.

INTERESTING QUESTION: Who should be more embarrassed, the professor or Columbia Law School?

REGARDING: “It’s a system where almost everyone agrees needs reform.”
RESPONSE: This professor deserves the Noble prize for Economics. NOT!!!!

Matt Krantz is a financial markets reporter at USA TODAY and author of Investing Online for Dummies and Fundamental Analysis for Dummies. He answers a different reader question every weekday in his Ask Matt column at money.usatoday.com. To submit a question, e-mail Matt at mkrantz@usatoday.com. Follow Matt on Twitter at: twitter.com

I hope this does it for you………………… lol

mz