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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (6567)	3/27/2006 9:03:21 AM
From: haqihana	Read Replies (1) \| Respond to of 71588

Oral, Since my family was an employer, I am well aware of that "contribution". This whole idea was sold to the people as a political ploy, and had no possibility of true success from the git go. "Rip off" may not be a strong enough term for it.

To: Oral Roberts who wrote (6567)	3/27/2006 3:23:05 PM
From: Peter Dierks	Respond to of 71588

Plenty of people understand what a rip off it is. Not the least of them are the politicians in Washington who are spending the retirement money for current pork projects. Half of the amount paid to the government as an excise tax on employment is withheld from employees so that the Government gets paid before anyone. The other half is "paid by the employer" which really means that it reduces the wages paid to the worker. It is not even that the benefit is not generous. I have been told that the actuarial return to retirees is astronomical. It is that funds from my contribution are going to pay for bridges to nowhere and to current retirees. My funds should be invested and growing to pay for my retirement. Social Security is bankrupt. It is morally bankrupt. Maybe the only solution is to bar the doors. Require that all persons under 25 be covered by a different system. Design it to be solvent from day one.