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Originally Posted by Tully Mars
SS Maybe not be a true Ponzi Scheme but it certainly has elements that are similar so I can understand conservatives making that comparison. The part I don't get it is it's trouble and needs to be fixed. The only thing I hear coming from the right is "get rid of it" and "privatize it." SS has helped a lot of people over the years. A lot of low income folks and disabled folks would have nothing without it. I certainly favor fixing it over getting rid of it.
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Social Security should be privatized. I've been contributing to my 401K for the last 15 years or so. My 401K alone is on track to match at age 62 what my Social Security payment will be at age 62 where I've been paying into Social Security for 36 years. That's following a pretty conservative investment strategy of investing in diversified stock market funds and bonds to reduce the risk of a single stock crashing.
Besides which, I get to pass on any 401K balance as an inheritance, which I don't get to do with Social Security.
It's not the government's job to save me from myself. It's not your responsibility to provide me food and shelter and it's not my responsibility to provide you with food or shelter.
---------- Post added at 05:13 PM ---------- Previous post was at 05:10 PM ----------
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Originally Posted by roachboy
personally i think alot of the conservative whining about social security is about protecting military spending by directing attention away from it. but its that sector which eats the largest proportion of any other....to make of social security etc something larger, conservatives have to add things together. and so far as i am concerned, no conservative who talks about deficits as a problem and doesn't talk about slashing military spending is worth taking seriously.
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I think there are items in the military budget that can be cut. We can start with military bases in Europe and Asia which are not strategic to US defense interests. Let Europe and Asia fund their military to the extent they think necessary.
Also, identify military programs which are redundant without good reason and merge them.