[Loyal Buckeye]

Individual Retirement Accounts proposed by Pres. Bush in the last election. Enough said.

[uncbob]

Individual Retirement Accounts proposed by Pres. Bush in the last election. Enough said.

ALL retirement systems are going to be in trouble
They ALL depend on a lot more people putting in than taking out

HINT Banks, stock market funds,etc etc don't have that money in a vault someplace

It is all FUNNY MONEY and the banks don't have the funds on hand to cover all the withdrawals that will be necessary as retirement age groups increase

If SS goes belly up they whole system will since they are all based on a LOT more putting in than taking out and any crash in the SS will have far reaching effects to the other systems

[templar]

Individual Retirement Accounts proposed by Pres. Bush in the last election. Enough said.

How will we make up for lost revenue caused by the loss of SS taxes to the general revenue (assuming that the people demand an end to the SS tax with the loss of SS benefits)?