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Author: CashKingAl Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76384  
Subject: Re: Social Security Series Date: 10/21/1998 12:48 AM
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<<Not to be too antagonistic sounding, but I do not think we can operate a socially compassionate country if everyone is responsible solely for his own retirement, or is allowed to drop out of the system.>>

I'm afraid it's even worse than that, in fact much worse. SS only has a few months of payments in the trust fund. As I noted in the article tonight, the system is basically pay-as-you-go. If everyone were to drop out, then current beneficiaries would quickly go hungry.

Some of our currently don't need SS to live on, but many more do. We can't just leave them holding the bag.

Al
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