Quote:
Originally Posted by Lou Card
I do agree with that, and I think I could do better with my money than the government has done. My big concern would be for the millions that would take the money and run and then be the first ones in line for a handout when the poop hits the fan for them. We as a country have shown we will not leave anyone hungry no matter how stupid they have been with their life. So since we will pay for them in the end anyway, I say take a little each paycheck to offset the bill in the end. I think the limit for SS withholding is still right at the first 100,000 of earning and no matter how much you retire with, you can still draw your SS when you get to that age.
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I don't believe that anyone promoted 100% of social security be privatized, but only a portion, and that even would have been voluntary. Truth be known that account is already overdrawn, and I recall the comment being made back in about 2003 or so that at least what we privatize, the government cannot take away. If we do not get the deficit in tow very soon, THAT SS account will be in the news more and more and not in a way we want it.