We're Doomed, He Hasn't a Clue

[dellinger63]

Originally Posted by MaTH716

I'm not talking about ridiculous spending, I'm talking about the day to day cost of living. There are many people just struggling to survive now. How are they supposed to save for their retirements?

Many can't right now and I realize that. There will be a even larger reliance on SS in the future and that's why I think before we send another check to the mideast or engage in some stupid program like paying for cars to be destroyed the SS fund should be at least partially funded with real assets rather than credits. In other words collected SS taxes should not be used for anything other than SS payments! It's one way we can control the wasteful spending, while reducing the debt, while insuring seniors now and in the future have access to their money that they've put in. It's one of those very rare win-win-win situations.