"Vic Smith" wrote in message
...
On Tue, 16 Dec 2008 17:17:12 -0800, "Calif Bill"
wrote:




You expect people to not riot if they have contributed a
couple hundred thousand dollars over their working career for no return?

That's exactly why SS won't die.
Even the ones who only contributed 10 grand in their lifetime will
join in on the
"The 50 Great Million Geezer March on Washington."

Especially if they also saved and lived within their means. Not buying 2
luxury cars and going on big time vacations when their income supports 2
Kia's and a trip to the national park campground.

That's what I meant about "personal accounts" bringing a dose of
reality. Might get people to start saving more for their retirement.
Then beyond all the politically-sensitive/rich-poor/class warfare,
accounting, etc, etc issues, there's plain old fraud.
What I never get is how the gov fails to hire an adequate number of
investigators to nip disability and medicare fraud.
I bet that's a huge chunk of money, and the investigators would be
profit centers, not overhead.
Works for insurance companies.

--Vic

There are not going to be enough workers to pay for SS. So those 50 million
geezers are goign to be out of luck and money. France is trying to address
this now. One of the major reasons for public service union strikes. They
want the 90% pay at 30 years. Unfortunately in about 12 years, there will
be only 2 workers for every retiree. We have about 25 years if I remember
the numbers correctly.