Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (211958)	11/17/2004 7:33:48 PM
From: Road Walker	Read Replies (1) \| Respond to of 1573545

re: The problem with social security has less to do with the amounts that various "funds" that consist of the government loaning money to itself. Then dedicate the FICA income to SS alone. re: The biggest problem is simply that as our population ages and the retirement age doesn't move much, and benefits are not cut, workers will have to pay out too much to support retirees. The age of the working population is fluid, not static, no? For years we've been working on a (government budget fattening) surplus. For a while we will work on a deficit, then work our way back to a surplus. It's not complicated. re: The idea that the "government" will pay for people's retirement really means that people who are working will pay for the retirement. No, the idea is that people who spent their life paying into SS will receive benefits. As a social compact, all of us taking care of each other, we will save the surplus for the next generation, or take up the deficit (as debt) for the next generation. re: Maybe a safety net would be reasonable, but SS retirement is not a safety net. It is not means tested. Let's just eliminate benefits for anyone that earns over $75K after retirement. Raise FICA by, say, 10%. Put it in a "lock box"; if you really want invest a portion in an S&P index fund. SS is "fixed". Problem is, you folks disagree with the principle, not the execution. You don't want to solve SS, you want to eliminate it. John