Social Security: Who Represents the Beneficiary?

The reality of the Social Security system and laws is that the system design is fundamentally and fatally flawed. 

Frank Ryan | August 8, 2026

The reality of the Social Security system and laws is that the system design is fundamentally and fatally flawed. Unless we fix the design flaws, any other changes to the system are purely cosmetic and doomed to perpetual tinkering, temporary fixes, and eventual failure.

We will have failed our younger citizens by failing to address the flaws. The options are painfully simple. Do nothing, which our federal government has done well since the program's inception, or truly fix the system.

The crux of the problem is that the Social Security system was never structured to keep the beneficiary front and center of every investment decision. Most pension-fund fiduciaries are held to a prudent expert standard. The Social Security trustees are not in the same position because Congress has largely removed their investment discretion.

That lack of investment discretion creates an insurmountable obstacle to the system -- the sacred trust of Social Security stewardship. It is the fatal flaw.

We have done a great job of masking the reality of the failure. As a result, they are clamoring for more of the very system that failed them because our citizens have been lied to about Social Security -- the sacred trust is anything but.

To be blunt, Social Security is not a capitalist, free-market creation. It was the start of a socialist system and its systemic failure should be a warning sign of what to avoid and not a green light to make it........

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