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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (214627)1/11/2005 10:24:27 AM
From: RetiredNow  Read Replies (1) of 1572710
 
I think you're solution will work to stave off the date from 2042 to sometime in the future. However, what you are proposing is a bandaid fix.

If you look at the SS' history, you will not that we've made several revisions to SS by cutting benefits or raising taxes. Every time we do that, it's a bandaid fix. Why? Because outflows are not tied to inflows. That is the fundamental flaw of the current system. The only way to fix that flaw is to create personal accounts. That is a COMPLETELY different thing than allowing people to invest the contents of those private accounts in the stock market.

So in my priority list, I'd say creating personal accounts is the most important thing. Second on my priority list is allowing people to invest in the stock market. As someone who has alot of finance education and experience under his belt, I simply believe in modern finance, which states that the risk you take should be proportional to your investing horizon. And I think forcing everyone to invest in T-Bills is bad advice.
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