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Originally Posted by arch13
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.
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It's a matter of taking small steps, or "boiling the frog" if you will. It's not politically survivable to say "sorry, folks, but to save your grandkids, you're going to have to suck it up." What IS possible is to slowly divert part of the current income stream from going to the general fund which is quickly spent to a form of individual retirement account that's set aside for the use of the people who put the money in. It's like putting Godzilla on a diet...if you say "we're not going to feed you at all any more", he is gonna be mega-pissed and eat Tokyo. If you say "we're going to keep feeding you, but we're going to feed you healthy food instead of junk food", you might get away with it. And later on, down the road, you can then say "OK, we've gotten you used to eating twigs and berries, you can now forage for yourself." Baby steps and all that...