Quote:
Originally Posted by joeydb
The program will fail unless it is gracefully tapered off for future generations so they can be independently self reliant through their own investements.
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Baloney. It won't fail at all for the next 50 years. Get a grip on effing reality. Do you have any idea how many times those that want to privatize it have said,"OMG, imminent failure!" At least 40. Wrong every time.
BTW, do you know what just happened to those "independently self-reliant through their own investments?" Thank god our Social Security funds are not in the market. What do you want to say to all those between the ages of 50 and 90, living off their investments - "Sorry, you lost up to 1/3 in the past 10 years. Good luck with that!"
Social Security is not an investment program, it is not a retirement program. It is a
social safety net.
So stop treating it as if it were an investment program, or a retirement fund, because of course it will fail if you try to pretend it is something it is not, and measure it against a false standard.