Iran is talking tough, America is scrambling the aircraft carriers, and the world economy’s bobbing like a drunken sailor. Here’s everything you wanted to know but were afraid to ask - from what it means to you, to how it relates to some mysterious explosions in Iran.
"Social Security is actually [very simple]…. Here’s how Social Security works: every month we take in taxes from working people and every month we turn around and distribute those taxes to retirees. That’s it. That’s how it works, and everyone who actually knows anything about the program knows that’s how it works. Taxes come in, benefits go out. And the key to solvency is simple: making sure that those taxes and benefits are in balance."