Raiding the Nation's Pension Program
The Jan. 19 editorial "Fake Retirement Security" urged Congress to take steps to shore up private pension programs without noting that the nation's pension program, Social Security, faces the same problems. Private companies are realizing that defined-benefit plans are not sustainable in the same way that Social Security as it is constituted is not sustainable.
The Post urged Congress to require companies that operate traditional defined-benefit programs to put aside enough money to fund their promises, but the editorial did not note that Congress is spending young Americans' Social Security taxes on pork-barrel projects across the country.
Congress should take a lesson from corporate America and enact a retirement program that funds itself while ending its raid on the Social Security "trust fund."
Students for Saving Social Security