Friday, August 13, 2010

Social Security and you

The headline in the Review Journal said,
Politics choke Social Security.

It goes on to say that many Democrats adamantly oppose any reductions in benefits to cut costs, and some won't accept a gradual increase in the retirement age. It continues saying that Republicans say an increase in Social Security taxes is out of the question , even for the wealthy.

Social Security is broke and the time to act is now. I propose that everyone over 40 can continue to pay into social security and collect it. Everyone 30 to 40 have the choice to stay in social security or not to stay in it. Everyone under 30 is out and can pay into a 401 type of account and receive the tax benefits.

I am sorry that I could not find a link to the article, but I did find a link to this article about how social security is broke.

People say how will we pay for your plan. My question is how are we going to pay for what we have. We had a 800 billion dollar bail out for the financial institution, but we don't do anything about the people who are losing their homes, their jobs, and now their social security.

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