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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (111921)	4/30/2005 3:39:18 PM
From: Lane3	Read Replies (1) \| Respond to of 793925

I actually had a couple of points... one is still: "Why don't the Congressional Democrats AND the Republicans talk about their benefits???" I assume you mean in the context of SS reform. If so, it's probably because they don't see the relevance. I know I don't see the relevance. The subject is SS, not 401K or defined benefit annuities. If and when reform of 401Ks or defined benefit annuities gets on the table, then I would expect congressfolk to talk about their versions. why wouldn't the Government trust the other average "joe blows" outside the Government to manage/invest a small portion of their SS retirement money? I'm speculating that it's not a matter of trust but a perception that their constituents want a guaranteed return without having to do any heavy lifting or incur any risk. Plus the fact that no one wants to touch the third rail, of course.

To: KLP who wrote (111921)	4/30/2005 4:16:23 PM
From: haqihana	Read Replies (1) \| Respond to of 793925

KLP, One thing that has not been mentioned, but is important to the future of Social Security. When FDR proposed the project, he was counting on the usual death of a person to be around 70 years old, and the government would have to pay that person for only 5 years. With the advances that allow people much longer, that theory has been knocked into a cocked hat. I guess that FDR either didn't anticipate longer lives, or figured the he would be gone and the mess would fall on someone elses' shoulders.