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Pastimes : Social Security -- Ignore unavailable to you. Want to Upgrade?


To: laura_bush who wrote (8)2/26/2004 7:42:46 PM
From: miraje  Read Replies (1) | Respond to of 11
 
I don't think that this is particularly a Bush issue or really a partisan one at all. The baby boom freight train has been heading for a Medicare/SS "entitlement" collision for some time now, and the vast majority of the members of both parties have adopted a "See no evil, Hear no evil, Speak no evil" attitude.

There are only three alternative choices for the future, if and when the pols face up to reality:

1. Continue benefit levels and age qualifications as they are today (or even worse, make them more "generous") and raise taxes substantially in the future to cover the costs.
The under 30 generation is the one that will truly get screwed, blued and tattooed under this scenario.

2. Do as Greenspan suggested and gradually curtail benefits and raise age qualifications for future beneficiaries. Any attempt at this will incur the wrath of the politically potent AARP senior lobby and will be demagogued by multiple special interests. I doubt it will happen.

3. Implement a reform plan something along the lines of Cato's idea:

socialsecurity.org

which I think makes the most sense by far...