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URL:  https://boards.fool.com/i-agree-about-the-near-future-however-with-a-19-31180506.aspx

Subject:  Re: Another 2015 budget proposal impacting retir Date:  3/24/2014  7:52 PM
Author:  syke6 Number:  74620 of 101053

I agree about the near future, however, with a 19 and 16 year old, I am looking at the distant future. To me the worry is the grasshoppers broadly looking at the ant's food stores while salivating. They may not yet be ready for a coup, but it is on the horizon, and I would say well within our kids' horizon.

And yet, I can not bring myself to tell our kids to be grasshoppers.


Think that one through for a minute. Whether you realize it or not, you are taking the grasshopper viewpoint on this issue. The Social Security trust funds are expected to become insolvent right in the middle of your kids' peak earning years. When that occurs, the certain result will be tax hikes and benefit cuts. If nothing is done until then, it will not be a pleasant time.

The Ant might say let's start making small changes now, and by closing loopholes we can avoid much bigger, more painful sacrifices later on and that will especially benefit people who are teenagers right now.

The Grasshopper might say "I want my loopholes! And if the system collapses later, tough! I want mine right now!"
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