
Thursday, June 29, 2023
The Briefing with Albert Mohler
00:00
The Economic Consequences of Demographic Decline
The Social Security program, when it was put together, is basically built upon current and future workers paying so that past workers could receive the benefits. By 2050, this ratio will shrink to less than two to one,. Then comes this statement, quote, that will necessitate later retirement ages, higher taxes, or both. Now, folks, we already see this looming, not just in France, but in the United States. Neither party wants to be honest about the looming crisis in Social Security that is coming.
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