Romney Would Cut Retirement Benefits for Young

By: John Semmens

The inevitable bankruptcy of the Social Security system prompted Sen. Mitt Romney (R-Utah) to propose cutting the pensions of youthful workers as “the best way out of our dilemma. This would preserve the incomes of those already drawing Social Security by shifting the burden to those who will still be in the workforce for several more decades.”

“The political benefit of this approach is that it won't produce a backlash from those currently dependent on these benefits,” he explained. “At the same time, the age cohort that will suffer is probably not even aware of whats going on.”

The Senator flatly rejected the idea that policies promoting prosperity ought to be tried. “I know it would be possible to achieve solvency for Social Security if government didn't waste so much of our nation's resources,” he said. “If the government's share of the nation's income had stayed the same since the end of WWII the average person in this country would be a millionaire by now and inflation would've been far lower over the past 75 years. But this would be a radical plan, not a moderate compromise. No Democrats would vote for it. So, for the sake of unity we have to choose a less prosperous America. I will assiduously work with my friends across the aisle to create a plan that puts most of the burden of paying for Social Security pensions on those most able to handle it.”