We all know by now that the problems with social security's finances come from the demographic shift and the aging baby boomers. We have heard about how this will leave fewer workers supporting more retirees. What I don't understand is why no one is talking about the other obvious problems and potential solutions with the issue.
If the number of working age people as a percentage of the total population is allowed to shrink to the levels projected there are going to be many more problems than funding social security. There won't be enough working age people to deliver meals on wheels, work in the hospitals, and still run the economic engine of America.
We have heard that in order to save social security we can either raise taxes or cut benefits. But there is another way. We could grow revenues by adding more workers. I would argue that this is really the only way we are going to solve not only social security but address this fundamental threat to our economic stability.
More workers can only come from two places. The developing world has a much younger population base and as we know here in Arizona, they are willing and able to come here and work. And pay taxes. Why then aren't we talking about immigration policy as part of this debate when it's so fundamental to the core problem with social security? Is this really too complex for our elected officials to grasp?
The other way is even more fun. Make babies. I have three so far so I guess you could say I am doing my part to save the system.