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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Broken_Clock who wrote (90379)9/27/2007 10:27:59 PM
From: Fiscally ConservativeRead Replies (1) of 306849
 
The larger point here is understanding how so many 'Wall street types' want our young to start paying into a self managed program of varying mutual funds thereby redirecting a portion therein of those FICA payments to Wall St. No one bothers to discuss where the lack of those would be FICA contributions into the current system would come from should any portion thereof be redirected into any self managing individual accounts. In a nutshell,it would further create a larger deficit in the system for those currently collecting, mainly those already retired.

The idea that any current retiree should be ashamed of feeling they should be entitled to the very system they paid into over their working years is nuts. Those who retired and are now receiving SS should be entitled to every penny and all adjustments for inflation.

A nation ingreed
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