UnThreaded | Threaded | Whole Thread (86) | Ignore Thread Prev | Next
Author: 1LTKLS One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 816865  
Subject: Re: another raid on Social Security Date: 8/17/2001 12:57 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
I agree with ralph, SP and 29:

Return the purpose of the program to what was intended.

Protecting the widow, orphan, occupationally disabled, and preventing people from spending their *LAST* days in abject poverty. It was not intended to be a Retirement program; and certainly not a ER program!

Adjust the eligiblity age to the same percentage as the original program (something like 95% of expected longevity). Wasn't the actuarial expectation something like 67, for men, when it started with eligibiltiy at 65? Great!

Now educate people that SS will only be there for you at the end of life or if something catastrophic happens before that. Everybody else has to save!

This should allow continued COLAs for a much limited set of beneficiaries, lower payroll taxes for workers, and might even be able to work to accomodate some sort of long-term care benefit fix in cooperation with MediCare.

Politicians will never find the will to do this unless We The People communicate our willingness to take responsibility for our own futures, spending and saving accordingly.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (86) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.