Would you want the US goverment to be in control of your retirement fund and invest your money? You are a funny guy! They took my social security deposits and spent it on the welfare state. I am depending on people who haven't even been born yet. Or the IOU's LBJ started issuing in 1965.
It does seem unfair to be screwed if you get out a couple years short of 20. And I have read stories about guys who tried to do the minimum those last few years.
Thomas Sowell: There are no solutions, just trade-offs.
Panetta will recommend cuts - and then a war with Iran will demand emergency appropriations - so the cuts will be moot.
Does anyone here REALLY think "defense" will be cut????? There's way too many influential lobbiests around the Washington beltway.
I'd note further --- there's a ton of veteran benefits that will need to be paid out within a decade - ranging from health care to education to VA Loans.
These costly programs aren't going to go anywhere ---- inefficient or not.....
As he should. I heard that Apple fired Steve Jobs at one point. Good thing they did, because that failure ultimately ended up as the iPhone, iPad, etc.