towermonkey wrote: Social Security was supposed to be a security blanket - a supplement. People now retire with only that. I would rather have the money that I put into SS to invest for myself. I could do a much better job of growing that money
No you couldn't..And sorry, i'm not betting my future on Wall Street..
BTW, the savings rate in this country is in negative numbers..Thanks to stangnant wages since Ronald Reagan the masses are retiring with mortages and nothing in the bank. And your full of crap anyway. Ever hear of poor houses, thats where people like you went to die when you couldn't work anymore?
History, look into it. Things weren't that great for old folks at the turn of the century
And the savings rate is now positive. And yes we are going bankrupt, sooner than you think.
I do believe SS and Medicare will survive in a much reduced form, highly means tested, and with much higher taxes to fund them. The voters will demand it.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Joe wrote: Raising taxes on the rich and cutting defense will get you about 20% of the way there, keep going.
20% of the way to what? Zero deficeits? Did you just crunch the numbers? You should be in Obamas cabinet if you can run all the numbers in less than a minute like that -