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URL:  http://boards.fool.com/quotss-is-the-one-thing-in-your-list-of-which-30770882.aspx

Subject:  Re: Proposal to end public pensions Date:  7/11/2013  11:38 AM
Author:  jgc123 Number:  428484 of 455782

"SS is the one thing in your list of which you have no legal recourse if someone changes it or takes it away."

And that's why it should be preserved and protected.

I am 57. My retirement bucket will consist of some combination of:

1. SS
2. Spouse's SS
3. My IRA
4. Spouse's 403(B)
5. Spouse's pension
6. Additional financial investments including stocks, bonds, savings and cash value of life insurance policies.
7. Health and ability to work until I die if I keep what is left of my faculies.

If there had been no bailout of the banking industry in 2009, and the market had continued to lose 90% of its value a la 1929-32, very few of us would have had legal recourse for the loss of our IRA's, 401(K)'s, 403(B)'s, and/or pensions and/or homes.

In my opinion, Social Security ought to be a life raft upon which hard working people should be able to depend.
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