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January 11, 2005
Social Security
By the time a worker in his mid-20s retires, the president said, "the system will be bankrupt. Think about a system that will be flat-bust."http://money.cnn.com/2005/01/11/retirement/bush_townmeeting/
Just give me my money and let me decide what to do with it. I'd be really upset if I were a lot closer to retirement age and I had (forcibly) invested all that money and wasn't going to see any return for it. I guess the only solace is that its the generation's politicians that screwed up the system that is getting hurt. But that's also why I doubt they'll really do anything to fix the problem.
I know I don't expect there to be any money in social security by the time I retire, so the more money I can get now and invest on my own the better. Basically, I don't see why younger Americans have to pay for a system that the generations before us broke.
It'll be interesting to see what the DBFN has to say about this topic.
Posted by mikel at January 11, 2005 09:52 PM
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