In1935, FDR created a socialist retirement program that has been stealing money from workers and retirees via the payroll tax for four generations.

Bravo to CBS News for this honest headline:

If you need evidence of the financial crash that’s coming to Social Security due to the aging of America, this chart from the Social Security Admin shows the “trust fund” runs out of money in 2034.

Social Security Broke in Nine Years

But Social Security’s bigger problem, as we’ve shouted from the rafters, is that it’s the worst investment workers will make in their lifetime. The rate of return is NEGATIVE for most workers. Young people would be better off taking the money they put into Social Security and burying it in a suitcase in the backyard.

After snatching more than 12% of every paycheck from the day Americans start working until the day they retire, Social Security now pays a monthly benefit of a pathetic $2,000 on average when it should be paying out two to four times that benefit upon retirement.

Baby boomers just now retiring would be getting triple the benefit if they had been permitted to put those dollars into a personal 401k-type retirement plan. Plus they could leave $1 million or more to their kids at death.

Congress should offer the personal account option to all workers today, and we need every young person and their parents and grandparents who care about their future to march on Washington to get this done.