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Investing/Strategies / Retirement Investing
|Subject: Re: Don't worry about boomers killing the market||Date: 8/3/2006 5:38 PM|
|Author: JAFO31||Number: 52934 of 82744|
<<<<I would be mroe careful about this hallf-century argument. Spending the growing surplus and disguising off-budget was revitalized in the 1980s during the Reagan Presidency.>>>>
"Who gives a $hi!."
The OP apparently, who also seems to make claims that are not entirely factually accurate but does not seem to be bothered by it.
"The fact is that SS and Medicare are about to go over a cliff, with disasterous results for one and all. These programs need to be fixed or replaced with something that works. At least the Repubs are willing to talk about it. The Dems won't even agree that there's a problem."
And who was discussing Medicare, anyway?
A SS fix that allows for private investment of the "surplus" only accelerates the circa 2016 date in which current revenue no longer exceeds current outgo, unless the amount that is privatized each year declines.
A SS fix that shafts those who have contributed to the program for decades but causes little harm to those under 30-35 is hardly a fix at all. It just trades one problem for another.
I have posted on the SS Reform board for a long-time. Most "solutions" that I have seen simply trade one problem for another.
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