Soc Sec

bubba · 01-11-2005, 4:08 PM

http://www.foxnews.com/story/0,2933,144017,00.html

do you think it will every change. i personally do not think congress will pass any bill that has to do with reform. that seems like the well they dip into when funds are short

NinerPilot · 01-11-2005, 4:20 PM

I have 0 faith that I will ever be able to get anything out of it. I think it will be bankrupt by the time I could withdraw...
Chris

BDA116 · 01-11-2005, 4:29 PM

It will be very difficult to get reform passed, as the old mob has a stranglehold on too many politicos.
We are all being forced to contribute to a retirement fund that isn't guaranteed to be there at all, let alone actually grow at any decent rate. If anyone were offering this scheme to the public, they would be hauled of to prison.
The system doesn't work, and anyone that wants to opt out should be given the right to invest their own money the way they see fit.

bubba · 01-11-2005, 5:36 PM

unfortunately we are not to be trusted with our own money, we might by cigarettes or liquor with it

abtech · 01-11-2005, 6:41 PM

Quote:

Originally Posted by BDA116

It will be very difficult to get reform passed, as the old mob has a stranglehold on too many politicos.
We are all being forced to contribute to a retirement fund that isn't guaranteed to be there at all, let alone actually grow at any decent rate. If anyone were offering this scheme to the public, they would be hauled of to prison.
The system doesn't work, and anyone that wants to opt out should be given the right to invest their own money the way they see fit.

Unfortunately, the ones that loose their "private investments" would just end up on federal aid (the never empty social security for the "I can't work" club). Remember, there are a lot of stupid people out there that need someone to manage their lives (and their habits and their seatbelts/stairways/sex preferences/bowels etc.).

I would love to opt out, but since I've already put in some 200K+ it seems unlikely that anything left after the friggin taxes at this point would make any difference. I'm one of the few on this forum that may actually see some of my investment returns, but I seriously doubt my daughter will . . .

BTW, cigs and booze are an important part of a balanced diet . . .

luvtolean · 01-11-2005, 8:53 PM

It will be reformed someday. It will have to be. Will it be pro-active, and happen before a crisis? I seriously doubt it...