It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Disturbed Deliverer
Every nation has found it hard to pay for Social Security. You people are the same ones who complain constantly about America's defecit, yet refuse any cut backs in spending. It's just a fact at this point that Social Security needs to be cut back, or the entire program will collapse.
That's all really besides the point. I know this may be a shocker to all of you, but there's this thing called capitalism. It's kind of proven that it works best at handling problems. The private sector could handle this a whole lot better then the government. It also gives the people who earn the money the chance to use it as they see fit. I don't know. That sounds kind of like freedom to me.
Liberals are the first to whine when it comes to things like the Patriot Act (no different then policies enacted by liberals in the past), yet are the first to suggest taking away the economic freedom people enjoy.
I wouldn't put anything past Bush. He will figure out some way to screw us out of our social security benefits. He will raise the age that you can start collecting and/or the amount you receive will be lowered.
Is investing our ss money in the stock market a good idea? Many of us alive today, probably most, were not alive during the stock market crash...what is preventing that from happening again? I don't believe that it can not happen again. If it does then all ss money will be lost.
All they need to do is increase the tax and prevent governemnt from "barrowing" money from the fund.
I has not kept up with inflation and will only get worse as the dollar drops.
But the real problem is Bush has surrounded himself with so many yes men that no one is sure how to do it without bankrupting the government.
First of all until this day the president has not yet to said how he is planning to pay for the inicial cost of his plan and how he is going to pay for it.