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Author: 1LTKLS One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 753724  
Subject: Re: another raid on Social Security Date: 8/17/2001 12:57 PM
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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.

kls
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