Quote:
Originally Posted by Geewiz
If you don't like big government get set for less government benefits. The chained CPI will not really hit you until the economy improves..when the Fed lets interest rates increase and inflation - which is a product of an improved economy - kicks in and your SSA benefits will get hammered.
Want a for-shadow?...Now the sequester is starting to rear it's head. The first to notice are connected to the military, FAA, Medicare (tough luck if you need cancer meds) and education (ta-ta Headstart).
People hate paying taxes until it affects them. Get ready...bend over..you are about to get the government you selected. Elections have consequences...
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As others have pointed out---S.S. was never intended to be the only retirement a retiree receives. Unfortunately, many depend just on S.S. as their only source of income as they reach retirement age. There are many reasons, but perhaps none greater is just the lack of personal initiative to take advantage of all the opportunities that are available in this great country we call The United States of America. Bottom line: When for years, you spend more than you receive, there are real consequences to pay. Like it or not and regardless of the "spin" anybody wants to put on it----"Our chickens have come home to roost".
