Social Security Reform

[Love_Spell_6]

Originally posted by Exquisite5
I read this article this morning from the Washington Post: Social Security Formula Weighed


I suppose I am a Democrat, although at times I feel more like and Independent. Specifically, I am in favor of school choice/vouchers and more responsible use of taxes- but I digress. I called my Senator (R-TX) and spoke to an aid about Social Security because I was very confused about what actually happens to the already paid SS $ of young workers if the President's plan is enacted. He told that is a point of contention right now and will likely be battled out in Congress, but we discussed other aspects of the plan.

I think I have come to support the plan, although I do wish one of the options for investment of the privatized portion of the SS were real estate.

What do you guys think?

Edited to fix link.

I am torn on this issue. First I applaud the President for doing something about the problem instead of just seeing it coming and not acting on it. Second, I am torn on the amount of responsibility with this issue placed on the government itself. Shouldn't we have to take some responsibility for our own futures i.e. saving, investing money etc.? I think the days are passed where we can live live without financial parameters and expect that our social security will take care of us after age 65. Many times its not the amount of money we make being a reason we can't save $, but that many folks live above their means. I will say I like the personal savings accounts because it gives us some autonomy with the issue and it forces us to take responsiblity for our own lives instead of assuming the government will do it....