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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Amy J who wrote (26103)12/19/2004 1:28:12 PM
From: bentwayRead Replies (2) of 306849
 
SS gets slammed by all, yet it's the most efficient benefit plan out there, with administration consuming less than 1% of what it takes in. Compare that to youo 401k's fees. Generations of people have gone into the system and been beneficiaries until they died after saying there whole lives that they wouldn't get their benefits. The system could be funded for all time by merely removing Bush's tax cut for the top 1% of taxpayers and redirecting it to SS. It could be easily made solvent by removing or raising the cap on FICA It's not in nearly as much trouble as the Bushies would have you believe, since it is currently solvent for perhaps the next 40 years. My own thought is that Bush is attempting to finagle a way for the government to not repay the piles of IOU's slipped into the whimsical "lockbox".
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