What Entitlement to Address First

Let’s start with the easiest entitlement to deal with. This is social security. Instead of increasing the retirement age, let’s go back to the beginnings of social security. I do not believe that it was initially intended to be a welfare program. Furthermore, many social security recipients do not believe that it has become a welfare program. They think they have earned the right to receive the payments they receive. However, this is not the case on average. So what I propose is to turn the social security program into a financially sound annuity program. In order to pull this off, I suggest a new and a specialized type of government bond. Of course, such a program could be phased in or introduced only for people of a certain age or less, say 55. I like annuities and hope that social security can be made coherent.