Can we make Social Security solvent?
By Ken Hildebrand
Host of the Information Nation on Orion Talk Radio and contributing writer for End the Lie
As everyone knows, the Social Security System is going broke and not one person in Congress is willing to step up to the plate and make changes. Now that more and more people are retiring it is putting an immense strain on the system. Plus considering the fact that we have high unemployment, and a cut in the social security tax, we now have social security receiving less revenue.
Well, I’m not an economics major or a politician but I do have a starting point for the reform of the system and a way to get the funds out of the hands of the government. Bear with me and remember this is just a starting point and it will take the will of those in Congress and the White House to make any meaningful changes.
In order to bring the deficit down and make social security solvent I propose the following:
People age 56 and above will continue to get the current benefits. People age 50 to 55 will have a choice to either put 25% of the total social security contribution in a 401K type vehicle and take a 25% reduction in social security benefits or continue the way it is.
People age 40 to 49 will put 50% of the total social security contribution into a 401K vehicle but will
get a 50% reduction in social security benefits.
People age 30 to 39 will put 75% of the total social security contribution into a 401K vehicle but will get a 75% reduction in social security benefits.
People age 20 to 29 will put 100% of the total social security contribution into a 401K vehicle but will get a no social security benefits. When I say total social security contribution I mean both the employee and the company contribution.
People under the age of 20 will not be required to make any contributions at all. Nor will they have to pay any taxes. This should help with college funding or a way for them to jumpstart their future.
As a side benefit, 401K distributions will not be taxable and they will be able to add up to 5% more to their 401k. Business will be able to write off their contributions from their income taxes. Individuals will have to claim that as income.
The 401k must be in mutual funds with an A+ rating and must be reviewed by the House finance committee, approved by both houses of Congress and signed by the President. Investment firms must apply for the right to handle the funds.
The firms filing must have a group of offerings for the people to choose from in their investment package. People may start taking distributions at 59 ½ and you can retire whenever you want. People starting this at 40 or above may make as much income as they want when retired, at age 65, and only pay taxes on 50% of that income. The federal government may never again control any of the funds for the people’s retirement.
I know that there will be many arguments about this. There are some flaws in it and those have to be ironed out but it’s a place to start.
However, if we don’t start soon we won’t have to worry about it because there will be no retirement for the elderly. Maybe you can move in with your children. Or work until you drop dead and then they can throw you out with the trash. In either case if we don’t do something soon, well, you get my drift.
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Ken Hildebrand is the host of the Information Nation on the Orion Talk Radio Network. The Information Nation airs 6:00-8:00 PM PST/9:00-11:00 PM EST immediately before End the Lie Radio. Be sure to tune in to both for four hours of informative talk radio. It is the absolute best way to cap off your weekend and start off a new week, guaranteed!
Minor editing by Madison Ruppert
Madison Ruppert is a Los Angeles-based independent journalist and researcher as well as the founder, owner, administrator and editor of EndtheLie.com. He has no affiliations with any government agencies, political parties, non-governmental organizations, or economic schools. He is available for freelance writing assignments and appearances or interviews in any format. He can be reached by emailing
There are too many flaws in this article to even address them. We just can’t escape the conditioning by the psycopaths that we must be good little slaves and pay our taxes.
Taxes are unconstitutional. We fought this crap as colonists and won our independence from taxation without representation, but those evil Brittish banksters infiltrated our government, set up their evil cental bank, and they’ve been trying to destroy our country ever since.
Ask Joe Bannister if you owe income tax. There is no tax code that says you are subject to witholding. It’s a scam to make you so broke that you can’t fight them. Without resources you’re an easy mark for tyrannical control by our shitty shadow government. We have to turn off the TV and read the constitution. Then get off our butts and throw this corrupt government out so we can start over.
Hey Nora if you would like to hear my response to your comment tune in Sunday to The Information Nation and you can hear it live. Sunday night at 9e/8c/6p on The Orion Talk Radio Network. Here’s the link http://oriontalkradio.com/Default.aspx?PID=31&T=The%20Information%20Nation%20Home
Thanks for your comment
Ken
Ken Hildebrand recently posted: Can we make Social Security solvent?
More people got on SSI payments last month than got new jobs. I’ve seen people as young as 18 on full time SSI payments, and the government seems to be giving this money away to the worst sort of junkies and freeloaders. Could it have something to do with their drug profits from Afghanistan and Columbia?
Think you will find that Nora has nailed it…
Lifting the cap, which is presently somewhere in the neighborhood of 106,000, will eliminate all problems painlessly. I don’t understand why this so seldom mentioned as a fix.