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Financial Planning / Social Security Reform

URL:  http://boards.fool.com/nice-thread-let-me-reply-to-some-multiple-posts-30465328.aspx

Subject:  Re: Social Security and US Debt Date:  1/3/2013  10:11 PM
Author:  PuddinHead42 Number:  5263 of 5269

Nice thread, let me reply to some multiple posts.

First, as Obama says, the math just doesn't add up. There are problems.

SS is a pay-as-you go system, which is not a pyramid scheme, but not far from it either. You do depend on the kindness of strangers. People think they have "saved" into the system, but really they paid for their parents and grandparents and now retirees must rely on their children and grandchildren.

There is a surplus now, but we know it will end and then the big trouble starts. We are retiring 10,000 people a day. That is 300,000 a month. So until you see employment increasin