The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early CampFIRE

URL:  http://boards.fool.com/gtgt-but-no-one-wants-to-talk-about-what-the-15455896.aspx

Subject:  Re: Help! My Social Security is in Lucent Date:  7/27/2001  10:40 AM
Author:  ziggy29 Number:  46579 of 757759

>> But no one wants to talk about what the solution to the Social Security solvency problem is. There are only two possible solutions: 1) increase SS tax astronomically, or 2) cut benefits significantly (this could be done in several ways including reducing COLA, means testing, or simple reduction in payouts). Until our politicians get serious about one of the two solutions above, all the SS debate is smoke screen. <<

And the longer we wait to seriously address it, the more drastic the solution will have to be.

One of the problems is that the issue has the potential to create generational warfare, and somehow a solution needs to be crafted which will "spread the pain" fairly and across generations in a way that makes the hit to any individual as small as reasonably possible.

#29

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us