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| Re: Karl Rove (4379) | |||
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Re: Karl Rove |
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Posted by #4 Sea Beach Fred on Fri Nov 26 13:09:45 2004, in response to Re: Karl Rove, posted by AlM on Fri Nov 26 12:35:56 2004. Hey AIM, great questions. First of all I am not eligible for Social Security as I am under the California State Retirement System for Teachers. Our benefits are vastly superior to SS and I got in on Medicare years ago when I volunteered to have money taken out of my salary for ten years in order to be eligible. As to the future of SS I really believe if we are going to keep the system as is, then there will have to be a large tax increase, move the eligibility back to 70 or lower benefits, all of which is anathema to the people. Some type of privitization will have to be done for, say, people under 30 or thereabouts while all those older can stay in the old system. Social Security gives you only a 2% increase each year while investing some of your money could give you a lot more if you invest wisely; ex, municipal bonds, T-Bill accounts, etc. I have always been a strong supporter of SS but it is slowly going broke. Having taught history for 35 years, I know that when it went into effect the system had 26 workers for each retired worker. It is now about 4-1 and going down each year somewhat. Some change just has to be made. |
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