You might think that Mike Rosen would be super-sensitive to over-confident “money” men with fancy titles, since Rosen lost big money in the Bernie Madoff Ponzie scheme.

But KOA’s Rosen showed no skepticism Thursday when State Treasurer Walker Stapleton told him:

Stapleton: “Most of us have no anticipation of actually getting Social Security.”

Rosen didn’t challenge, much less debate Stapleton, on his prediction that Social Security won’t be there for most people.  Not that you’d expect Rosen to disagree with Stapleton, but still, why not have a rational debate about it?

Social Security is one of the best programs ever devised by our government.. It’s been slightly modified over its 75 years or so of existence, as you’d expect for any long-lasting operation, public or private, and it continues to be a lifeline for seniors.

It’s on solid ground for about 20 more years, even without further tweaks. With minor changes, it will last indefinitely.

For example, simply taxing benefits on wages above $110,000, which are currently not taxed at all, would eliminate about 75% of Social Security’s projected long-term shortfall.

Rosen probably won’t rely on Social Security during his own retirement, despite his Madoff losses. But that doesn’t mean he should let Colorado’s Treasurer scare people of lesser means who are depending on their Social Security check being there for them.

This entry was posted on Monday, July 15th, 2013 at 1:48 pm and is filed under Colorado State Treasurer, Talk Radio. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.