I hope that everyone who reads or posts on this board will take the time to watch this. It is just ten minutes. Milton Friedman is correct in his analysis of Social Security and was prophetic in his statements about National Health Care.

None of my children, all intelligent college graduates, believe they will ever receive a dime from Social Security. They're right, they will receive nothing. A wise man once observed that,..."we do not contribute money to Social Security, we contribute children."

To illustrate this, my parents had six kids - 3 to support each of them in their retirement. My wife and I had four children - 2 to support each of us in our retirement. Three of my four children have had two children each and have taken actions to prevent their family growing - 1 to support each of them in their retirement.

We have a rapidly collapsing Ponzi scheme. There is no way to tweak or slightly modify Social Security to make it continue for the next two decades. Radical and painful change will be needed. This may sound like a plea for Government interference and mitigation. It is not. There is no easy path to national solvency. If we are going to deal with these issues we need to realize than Social Security is bankrupt, Obamacare is bankrupt before it even starts and that the Federal Government can no longer impose unfunded mandates upon the states.

This will be painful, but as the old oil commercial says, ..."Pay me now or pay me later." The cost of paying now will hurt - the cost of paying later will be far worse.