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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (434823)11/13/2008 3:24:06 PM
From: Alighieri  Read Replies (1) of 1574854
 
In this context, it means taxing those most able to save up for their own retirement to pay for those who are already retired. It becomes a self-serving cycle that serves to increase the number of new retirees who depend on the government for their "retirement plan."

It's difficult to follow your point. SS is a mandated program. If you work for a private sector company, you and your employer pay into the system, without the flexibility to opt out, and the size of benefit you will draw at retirement is indexed, with some algorithm, against what you pay in each year. If you live long enough you may collect more than you paid in. If you are not lucky, you may not. In either case what you collect is very unlikely to be sufficient to sustain you without some supplemental income. How does this constitute welfare, or how does it modulate how many people depend on the government for their retirement plans? It's a rule driven, fixed participation, everyone is in it.

If you haven't noticed, Social Security and Medicare far outweighs the Iraq war in terms of spending.

By the time it's over (hopefully), the iraq war will have accounted for nearly 2 years worth of SS payments.

Plus we'll be out of Iraq soon enough, but Social Security will continue to grow until that becomes the next "financial crisis."

Fixing SS is fairly painless. Medicare is more expensive...but a country that spends 500B yearly on "defense" can surely afford to care for its citizens.

Al
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