How to Fix Social Security

[firstdown]

Originally Posted by Schneed10

Correction, it's your money that's serving as an INVESTMENT in your own, and the country's, future to ensure that your grandchildren have the same decent shot at a decent paying job just as you do now. Because if you don't make that investment, your grandkids will find it very hard to find work.

Such is the way economics works. Sometimes making investments isn't about gaining a return on investment, sometimes it's about avoiding losses.

Hey you may want to send that line to the Dem. party. Its not about saving for your future its about jobs for your grandkids and you don't want to starve your grandkids. You also assume that there would be a flood of people having to work longer in life. I could retire about 6 to 7 years earlier and I bet over half of Americans could retire at an earlier time.

[Schneed10]

Originally Posted by firstdown

Hey you may want to send that line to the Dem. party. Its not about saving for your future its about jobs for your grandkids and you don't want to starve your grandkids. You also assume that there would be a flood of people having to work longer in life. I could retire about 6 to 7 years earlier and I bet over half of Americans could retire at an earlier time.

Retire earlier without a social security program in place? I guess you're assuming instead of paying those taxes, you'd sock the money away in retirement funds allowing you to earn a better rate of return than you'd get by paying into social security?

Firstdown, you really need to explain yourself better. You leave me guessing at what you're talking about.

If that's what you mean, the number of working poor staying in the workforce well beyond 65 will greatly outnumber those who can retire early, I can guarantee you that. American citizens are not a financially savvy group.

[dmek25]

schneeds answer is spot on. the only problem is that the govt feels the need to dip into this program whenever they run into funding problems. lets go to the Gore lock-box( im sure this will get some response)