10/30/2013 – Arguments Over Social Security Pit Old Vs. Young (NPR)

Congress has until Jan. 15 to come up with another spending plan. As they negotiate, one thing you’ll hear a lot about is overhauling entitlement programs — particularly Social Security.

The program accounts for about 20 percent of federal spending. One argument in favor of cuts is that Social Security amounts to a huge transfer of wealth from the young to the old.

Read the full article at NPR.