Why America Needs Social Security

Steve Vernon in his CBS MoneyWatch blog Money for Life makes some good points about why America needs social security:

Our Social Security system provides a modest level of income. For many citizens, it’s a lifeline, providing their only retirement income. We don’t throw seniors under a train to fend for themselves, but we don’t coddle them, either, as they do in France or Greece. It’s a good middle ground for our country ...