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

To: TigerPaw who wrote (214005)	12/31/2004 10:19:30 AM
From: RetiredNow	Read Replies (1) \| Respond to of 1578445

Who said Jr. wants to default on the T-Bills? That's misinformation. The fact is that in 2018 the SS fund will start paying out more than it receives. If left alone, their will be no more money left in the SS fund by 2042. If you are 20 to 30 right now, then that situation does not represent only the risk of T-Bills. Instead there is a huge risk that your benefits will be cut, taxes raised, or the program scrapped by the time you need it most. If you think that risk is the same as T-Bills, you are fooling yourself. If the gov't gave me the choice between putting all my SS contributions in an account for me vs putting it in a general account from which they pay today's retirees, I'd choose my own personal account every day.