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: RetiredNow who wrote (214459)	1/8/2005 9:35:17 PM
From: SilentZ	Read Replies (2) \| Respond to of 1572359

>Unfortunately, we know that this insurance company will run out of money by 2042. Our kids won't get any money for their retirement, unless our gov't runs a significant deficit, raises taxes, or cuts benefits. We don't "know" that. It's one projection that a percentage of payments won't be made in 2042 (I think this has since been revised to 2051). There's really no reason that SS shouldn't work, unless we spend the funds that are allocated for it on other things. >The gov't is notoriously inefficient. Roughly 1% of SS expenditures are administrative ones... that's pretty darn efficient. > We need to take back control of our children's retirment from the gov't. It's 7-and-a-half-friggin' percent of the money made, and it ensures that no matter what bad breaks your children have, they won't spend their final years in poverty. -Z