Social Security - Perry vrs. Romney.....

First, reflect upon Governor Romney’s point that Social Security is not a failure “by any measure,” and try to square that with the fact that Social Security is mandatory. Each worker is compelled to pay 10.6% of his wage, on up to $106,800, to the government for the retirement portion of the system. That means the average-wage earner has no choice on how to allocate 10.6% of his wage income for retirement. That’s bad enough, but it’s made worse by the fact that his Social Security benefits are very low: about half of what his Social Security taxes would provide if they were invested in a diversified portfolio of stocks and bonds.