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Redlemon · 05-02-2005, 06:34 AM

Well, Social Security has never been "your money". The first people to receive SS benefits didn't put any money into the SS system. SS has always been about the current workers giving money to the retired workers. There may be a solvency issue with Social Security, but pulling money out of the system will only make it less solvent.

Bush was being very general when he spoke of the scaled benefits; if you check more detailed reports, the cutoff for "well-off" versus "poor" is $20,000 a year. Above that, apparently you are doing well enough.

Also, from what I understand, you wouldn't have much flexibility in investing your "private" account; there would be perhaps 4 to 8 government-run funds that you could choose among. You would probably do much better with an IRA.

05-02-2005, 06:34 AM	#10 (permalink)
Redlemon Devoted Donor Location: New England	Well, Social Security has never been "your money". The first people to receive SS benefits didn't put any money into the SS system. SS has always been about the current workers giving money to the retired workers. There may be a solvency issue with Social Security, but pulling money out of the system will only make it less solvent. Bush was being very general when he spoke of the scaled benefits; if you check more detailed reports, the cutoff for "well-off" versus "poor" is $20,000 a year. Above that, apparently you are doing well enough. Also, from what I understand, you wouldn't have much flexibility in investing your "private" account; there would be perhaps 4 to 8 government-run funds that you could choose among. You would probably do much better with an IRA. __________________ I can't read your signature. Sorry.