akuma587 said:
Social Security is still in the green. What are you talking about? Unfunded does not mean you are running yearly surpluses. It is projected to go into the red in the future, which can be easily solved by: 1) Raising the age that people can initially collect at to correlate with the increase in average life expectancy (doesn't take a statistician to tell you that). 2) Increase the amount of income that is taxable by payroll taxes on people making over $100,000. 3) Decrease benefits, especially for those who were in a higher tax bracket (at least until the baby boomer generation passes since they have offset the balance) 4) Potentially increase payroll taxes across the board as needed if you are still running low, and then drop them back down when the boomer generation passes. Its no different than anything else. You decrease spending and increase your income and you will remain solvent.
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So you'd be entirely happy if you were working for a company where your "Pension" was based on the premise that you paid today so someone else could retire, and down the road someone else would pay so you could retire? I don't know about anyone else, but I want my retirement savings to actually be stored in an account where I don't have to depend on their being someone to pay my way down the road.
