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


To: Road Walker who wrote (212729)12/5/2004 6:52:42 PM
From: combjelly  Read Replies (1) | Respond to of 1573500
 
"You don't think that is cynical?"

Maybe it is. All I know is that the issue is fraught with religious zeal. There is nothing to give me confidence that anyone involved can find a solution. I don't think putting SS funds into the stock market is the solution. As everyone here should know, that is really sensitive to what period of time you are talking about. I personally know people who were ready to retire in 2001, but the market down turn meant they are still working.

I've been paying into SS for 30 years, some years more than others. If my payments only went to support my grandparents and parents(and others of their age group) after they retired, that's ok. If there is something for me, so much the better. But I am not going to depend on it. I can't. For those of my age group who haven't been able to save anything, they've got a problem. I am sure the country will provide them with something, but it likely won't be as much as current seniors get. When it happens, I'll do what I can, but it is going to be a problem. I don't have much hope that the present administration is going to step up to the plate with something that can actually work. But who knows? I could be wrong.



To: Road Walker who wrote (212729)12/5/2004 7:22:31 PM
From: RetiredNow  Read Replies (1) | Respond to of 1573500
 
then they are stealing us blind

Now you are getting it, John. The gov't IS stealing us blind to pay for today's retirees. The current underfunded balance of social security is $10 trillion. 40 years from now, it will be $40 trillion.

So you say, we need to do nothing? That is silly.