The United States is on the brink of financial disaster. The federal government spends $3.8 trillion per year while collecting tax receipts of $2.2 trillion. In 2013, mandatory spending is projected to be $2.293 trillion. Mandatory spending alone (Social Security, Medicare, Medicaid, TARP, Food Stamps, Unemployment Insurance, Child Nutrition, Supplemental Security for the Disabled and Student Loans) will exceed the federal government’s yearly receipts. Social Security will be the largest mandatory spending expenditure at $820 billion per year.
So what should we do? This article is the first of two articles concerning Social Security. Today, my goal is to outline why I believe Social Security is unsustainable and unsolvable at the federal level, as well as unconstitutional. Continue reading



