Reply #51: Nobody is going to like whatever they do to SS... [View All]

[BornaDem]

What people have to understand is that SS is either going to pay greatly reduced benefits, pay them at an age that few people reach, or pay no benefits at all. There is no way that younger workers are going to pay the Boomers anything like what their parents received. If they did, they would not have enough to live on after taxes. The reason Bush wants to let young people take a small % of their F.I.C.A. taxes to invest outside the SS program is because in all probability that will be the total of what they're going to get when they reach retirement age other than anything they have saved on their own. (Good luck!) After people see what the gov't has done, they will be less and less inclined to keep participating in a program that takes exorbitant amounts of their paycheck and is going to give them nothing back. We are headed for some ugly times and the Boomers so outnumber the generations following them, they can vote themselves benefits or elect people who will do it for them.