hello america! i said yesterday that i would continue with the social security issue & here it is.
let's face it, the future looks gloom for those retiring in about 3 or 4 years. washington has known about social security going broke for years but, as of yet, has not done anything about it. on the other hand, there's only so much they can do.
personally, i think the figures i quoted yesterday are off. not knowing exactly where & how the government got those figures, i can only speculate that the next set of figures will be even worse & this is why...
our social security is paid for by our taxes & employer taxes & with all the recent job layoffs & future job layoffs, less money will be put into the system which means, less will be paid out in the future. &, if washington waits until the last minute to address this problem, they'll simply borrow the money (they're extremely good at that).
well, let's see. if they raise the retirement age to 70, they must include themselves in it. if they raise the tax percentage taken out of our checks, they must include themselves in it. if they opt to have some of our money invested in stocks, they must include themselves in it. &, lastly, they could just ignore it & revamp the whole thing.
presently, with all that's going on this once proud nation, this is just one more thing for washington to add to its lists of 'screw-ups'.
before i close, the dems are going to blame pres bush for the current social security problems & he does share some of the blame but, obama is going to tell us how he 'inherited' this mess. america, i could accept that if they would 'man up' & remind us that they have been in control of the house & the senate for the last 3 plus years & that we should "judge" them by what they tell us & not what they do or don't do for us.
