Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Pelham
I can’t tell if he’s pro or con SS, but he is describing how it’s designed.

I'm actually "con", but realistic about it -- it's too late to do anything material to "fix" it, because we missed our opportunity to do so back in the 80's. Other countries realized that demographic trends made inter-generational transfers were doomed to eventual failure, and transitioned to a national asset-based plan, similar to a 401(k), but with a minimum support level.

My Quixotic effort is only to educate people about Social Security, so they can understand what has happened and PLAN FOR WHAT WILL HAPPEN. A large part of the reason Social Security is in trouble is because people are uninformed, or unwilling to accept the truth.

186 posted on 05/03/2016 8:40:55 AM PDT by justlurking
[ Post Reply | Private Reply | To 159 | View Replies ]


To: justlurking

Ha, an oldie but goldie discussion.

Chile was the one example that I remember. I haven’t seen anything on that in years so I don’t know if that has continued to work out for them or not.

I suspected that Dubya was trying to implement a Chile Lite policy, but with his usual skill he managed to botch selling the public on it and failed to get any support from the Democrats, which would have been necessary to pass it.

Trump has the business and financial skills to know that SS isn’t sustainable and needs to be redesigned. And he has the ability to speak directly to the public. Maybe he will be able to do something to save it.


187 posted on 05/03/2016 8:50:40 AM PDT by Pelham (Trump/Tsoukalos 2016 - vote the great hair ticket)
[ Post Reply | Private Reply | To 186 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson