[Fee]

DITTO. No matter who is POTUS in 2012 and controls Congress in 2010 onward, the US cannot pay off their debts and obligations that exceed 58 trillion or about 4.5X GDP. Most experts think the US will use selective defaults. The US will not default on their T bills because they will need foreign buyers of T bills to payoff the ones maturing. The US gov will default on their obligations to their citizens first. If you want to collect Soc Security, deplete all your savings first, you want to be covered by Medicare deplete all your savings first. Bottom line, we will all retire in poverty unless you have huge savings or are rich.

[rbg81]

you want to collect Soc Security, deplete all your savings first, you want to be covered by Medicare deplete all your savings first. Bottom line, we will all retire in poverty unless you have huge savings or are rich.

---

Yeah, that what I see too. With Medicare, the benefits will be great on paper. But the reimbursement rates will be so low, that no [competent] Doctor will accept them. People will have to buy supplemental to pay the difference between the promise and the reality. Only the illegals will get quality medical care for free.

[cherry]

since the govt has access to ALL of our finacial dealings, there is no way to protect your assets....

I'd suggest helping you're grown kids before you get too old.....or you're whole life's work and savings will be pittered away...