I doubt it from what I see going on today,what you think?
2006-06-21 10:55:48 · 10 answers · asked by I-C-U 5 in Politics & Government ➔ Government
If something is not done to shore up social security the fund will go bankrupt. Comprehensive reform is needed. The means of reform are wide and varied, but the best idea I have heard yet is the 5% investment option. 95% of funds would still go to support the current system, the other 5% could be invested similar to a 401K. A Gen X'er could build a nice nest egg on 5% invested, especially if they backed it with their own 401K or IRA accounts.
okronbon - interesting response considering it is the Democrats who consistently refuse any discussion on reform. You know Bush may not have the right answers, but at least he is willing to get in the arena on the issue.
Remy D - another interesting take on the situation, apparently you were sleeping through those 30 years when the Dems controlled congress and borrowed from the fund everytime they had a new pet project. You know I don't like alot of things about George Bush, but is that all you people have in your repetoire - something wrong? Bush did it!
2006-06-21 11:04:43 · answer #1 · answered by Bryan 7 · 0⤊ 1⤋
Not if Bush has any say in it. Don't be surprised if Bush and the other republican nut cases decided to take some of the social security money we have now and put it towards his war in Iraq, thus running social security dry.
The founder and godfather of social security said on P.B.S that social security has no problems. He looked at all the data and still can't figure out how republicans can even think that in the next twenty to forty years social security will be a problem.
In fact his team of experts concluded that it's not social security that's going to be the big problem it will actually be medicare.
But what does Bush care. His Daughters will be taken care of. His wife and himself have no worries. So he has the screw everybody else attitude.
And as for the morons who keep saying it's our fault for not saving I have this to say. Most of the people reading this, live paycheck to paycheck. Most can't afford to put a bunch of cash in the bank. Most use to but have lost money in lawsuits or have lost there jobs (G.M, Ford are examples) and are having to start over.
Most of us are hard working people who aren't lazy. We try our best with out spending a bunch of our cash. However for those of you who have kids know how expensive it can be.
If people want us to start saving more money than how about this? Since we won't be getting our social security, than don't make us pay for it. Than us hard working Americans will actually be able to save enough for when were older.
2006-06-21 18:05:08 · answer #2 · answered by Anonymous · 1⤊ 0⤋
They keep saying that all the baby boomers are going to use up all the social security. I have been hearing this for years. We Xer's really shouldn't depend solely on social security as a source for retirement, we should be saving now.
2006-06-21 17:59:25 · answer #3 · answered by Peace2All 5 · 0⤊ 0⤋
okronbon, have you not seen that Bush is trying to save it?
Privatizing Social Security is the only feasible answer. The government can't handle it because they have drained it. Besides, what was the Democrat's plan? Oh yeah, they didn't have one much like Iraq.
2006-06-21 18:02:57 · answer #4 · answered by 3rd parties for REAL CHANGE 5 · 0⤊ 0⤋
According to several analysts, the system is not and should not go bankrupt as purported by the Bush administration. If the system took care of genXers from 0-20, why can it not take care of you from 65-85?
2006-06-21 18:01:54 · answer #5 · answered by intimaralem85 1 · 0⤊ 0⤋
I'm on the tail end of GenX. I'm 28. Social Security is part of the "zero unemployment with price stability" vote buying sceme.
We need to cut it off, and pay it off. The system has failed, American citizen/taxpayer/voters, should take care of there own retirement!
2006-06-21 18:02:25 · answer #6 · answered by cory n 1 · 0⤊ 0⤋
I just want to say, to all of you who are saying the S.S. dilemma is all Bush's fault and that he is going to drain us, blah blah blah...Get off your **** and invest. Don't wait for a damned hand out-be pro-active. Furthermore-Bush was trying to save S.S. by allowing those of us who are forced to pay into to have some control over how that money is invested. But the Dems wouldn't dare allow that to happen.
So bite me. Dang it. Quit waiting for your hand out, even if you did pay into S.S. 'cause you ain't gettin it.
2006-06-21 18:31:31 · answer #7 · answered by kelly24592 5 · 0⤊ 1⤋
Yes , it will be. Especially if the US lets in some people to work and pay into it.
2006-06-21 17:59:34 · answer #8 · answered by Anonymous · 0⤊ 0⤋
No they are going to give it to the 12 million amnified illegal alliens....
2006-06-21 17:59:50 · answer #9 · answered by netjr 6 · 0⤊ 0⤋
not as long as the bush's are in control of the government.
2006-06-21 17:56:50 · answer #10 · answered by okronbon 3 · 0⤊ 0⤋