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Originally Posted by daswig
Huh? Where did I say it wasn't, or that I wouldn't rather it be killed off? Killing off Social Security isn't a viable political option. If reforming it is the best we can do, I'm all for it.
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My point is that the plan is still screwing the pooch so to speak,
It does nothing to mitigate the current problem of the babyboom genration that acts like Social Security is a right they have earned.
Any real reform that is actually "reform" would feed the tough medicine to that generation that their failure to save doesn't mean they are going to get a dime.
All this plan does is tell a younger generation that always assumed SS would be broke that they have a responsability to save and use the market to generate retirment income. It does nothing to releive the taxpayers, especially the younger ones, of supporting a generation that had no fiscal intelligence and now demands that a younger generation support them.
Edit: it should be pointed out that the average baby boomer has saved less than 1% of anyhting they have ever earned. That some looked ahead is good. That others did not does not mean we should support them.
If this is about making sure a future generation does not get stuck in this cycle, that requires the older generation to accept that they will not be getting what they put in. If the claim is that those in their 40's-60's are trying to do something good for the younger generation, then that requires not just talk, but action, including sacrafice.