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


To: Tenchusatsu who wrote (329779)3/21/2007 9:57:05 PM
From: bentway  Respond to of 1575421
 
"Rich retirees with the "means" obviously don't need SS checks for their retirement. But should they get the checks anyway?"

For the ones that are currently obligated, yes. In the future, one way to continue the system would be to say that, those sufficiently rewarded by our system could forgo those checks. That's just ONE way to make the system work. Another would be to remove the regressive cap on SS payments, another would be to invest some fraction of the SS surplus in more lucrative investments than T-Bills, with the understanding that if they bombed, the money would be replaced from general revenues. We'll probably need to do several things to raise revenues and limit liabilities.

There are many ways to "save" SS, which isn't in as much trouble as the naysayers would have you believe. You should read up on it's creation, and what was considered at that time.

en.wikipedia.org