posted on Oct, 20 2006 @ 12:03 PM
This is a disturbing trend, and one that shows no sign of ending anytime soon. What's to be done? Some would say the gov't. needs to step in even
more than it does already, more social aid programs etc... Others would say people need to save more...
There are problems with both of these...for more gov't. aid, either spending on other important things get cut, or taxes get raised higher than they
already are. I personally, would say gov't spending needs to be reassessed, the older generation that my father belongs to has earned the right to
expect a little more from the gov't than he's getting. Three wars, and most of the Cold War, he was on the front lines...dammit he deserves better.
If that means Interstate 90 has to wait for that shoulder work...so be it. Or some bridge that doesn't need replacing this year can wait 'til next
year, or the next decade, so be it. My dad's generation isn't going to be with us much longer, and most of them don't have the means to invest in
privately run investments, they need the gov't, and the gov't. is failing them. Remember this, come the election in Nov.
Private investment for retirement has its own sets of problems. One of which is if you are living paycheck to paycheck, you can't really do it. I
am fortunate that I can invest a little each month, not a lot mind you, but enough that in 20 years or so when I retire, hopefully I won't have to
rely on social security at all. So far, so good. But many others can't do this.
What's the solution? I haven't a clue. I suspect it comes down to having several choices, a combination of gov't. aid and private investment,
with the ratios determined by the individual. I really can't think of another way to do it.