Its usually the folks that dont have much to lose that would opt for option b.
My point here is, we cannot see our way free of the last 80 years of welfare creation. Government isn't the answer it's the problem. Here's a solution: Provide an opt out solution with the goal of dissolving SS in 20 years. Allow a 2% of the population (maximum) to opt out and require them to take at a minimum 50% of the money they no longer will be paying into SS, to now be put into a retirement account which they cannot withdraw from, but CAN invest. This 2% can change their mind and opt back into SS (with a penalty) in a 5 year time frame.  Increase the % over time to include 100% of all workers in the 20 year period and issue a pay back for residual money left in the system - then close down SS. (Sorry - i didn't finish my thought on this)
In my case, I'm not counting on my SS to be there and am investing in my retirement on my own. I have another 23 years before I would be eligible to get SS benefits but I've mentally and fiscally already written all the money being paid into that system as non-existent. Were I to have that money available, I think I could do a better job with a better return than the government. The government however, needs SS to continue as it's a slush fund to use as they want instead of for their constituents retirement. Therefore, you and I and everyone else who's worked or is working or will work is being ripped off. Sorry if I'm not happy about that.
Last edited by Ockham; 06-30-10 at 01:08 PM.
“I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.
sounds like a good idea to me.Boehner wants to raise the retirement age to 70
Last edited by Tedminator; 06-30-10 at 01:08 PM.
Seriously, do some research about what life was like before. I certainly don't want to go back there.