|
Wow, fantastic debate here.
My main problem: Who's right? Both sides make excellent cases, but unfortunately, it seems to come down to whom you believe.
I am not an economist nor statician. I have a reasonable amount of basic knowledge and common sense, but I am left scratching my head.
Why not do away with Social Security altogether? Let individuals decide how and if they want to save for their retirement. Maybe the system has run its course.
Borrowing in itself is not a bad idea. Like Yakk said, reasonable borrowing is how business and governements stay healthy and grow economies etc. However, excessive borrowing is disastrous.
Or, if SS is truly part of the General Fund, then that means the "payout" can fluctuate as necessary then. Is that true. Pay accordingly?
I guess it really all comes down to how you defien the problem and frame the issue. Otherwise it seems like we're comparing apples with oranges.
Does anyone really know how SS works and its strucutre of income->payout?
|