Unfortunately, you picked a reform that is needed. Social Security. Quit
giving all our children's money to the older generation now. SS was never
the national retirement system.


No, it was really more of a welfare-for-old-folks program,
intended to keep the wolf from the door of people who had no
other resources.


wrote:
The problem is it has become one. The corporations are abandoning
pensoin systems as fast as they can and the existing ones are largely
underfunded.

True, a train wreck that (so far) seems to be below the
political radar... but nonetheless is on a lot of people's
minds.


w.... Of course SS itself is a
Ponzi that will start falling apart in about 10 years when the surplus
is gone and it goes looking for those bonds. (AKA government debt)


Actually, that's not true. SS is solvent until 2042 as of
last count, and the long term viability trend is going up
not down. That doesn't mean it should be ignored.


I find it facinating that we can get our panties in a bunch about some
global warming models that may predict a melt down of the ice caps in
a century or two and we ignore a financial melt down that WILL happen
in a decade or two.

The problem here is that a lot of people apparently can't do
math.

Somewhere in his writings, Robert Heinlein said that there
are two types of people, mathematicians and peasants.


.... I am retired now but I fully expect to go back to work. I
may take up smoking so I won't outlive my money.

Why didn't you save more, and invest intelligently, when you
had the chance? The real answer is to be self reliant and
accountable for one's actions.

Also to hold the CEOs who have looted pension funds
accountable... that would help too.

DSK