[ladtx]

Looks like changes coming down the pike for us boomers.

[zencat]

Here's the Bush agenda for Social Security. He's the only one with the political nutsack to address the issue instead of pandering.

http://www.georgewbush.com/SocialSecurity/Brief.aspx

The Kerry plan to “strengthen” Social Security is of course to raise taxes. That’s it.

[Eric in the Ozarks]

Maybe we'll get to work till we're 75. That should solve the Social Security problem.

[litehaus]

And Mr. PONZI comes to visit.........for a long, long stay.

[ken21]

it's amazing that people let the dems and pubs steal the social security surpluses of the last several decades.

[kellynla]

If Kermit the Frog Greenspam thinks that us boomers are banking our retirement on social security he's got another thought coming...
Can't W find someone to replace this relic???
After all, he's keeping someone else from drawing his salary...
I'm sure he and his wife have made a ton of money on the Market since he's been at the Fed!!!

[gunnygail]

THIS JUST IN!

Social Security renamed Catch-22 Security.

That is, the closer you get to the designated retirement age, they raise it again!

Mommy, please make the Ponzi scheme go away.....

[Maria S]

And what about all of those government retirees? I know several government retirees (social security, land conservation to name just 2) that are just retired. At ages 58 and 60! They were pulling in some big bucks and are apparently retiring at almost full salary.

How does this work anyway?

[afnamvet]

Changes in Benefits for Those Now in Retirement, or Near Retirement - President Bush’s first Social Security reform principle is that there be no changes in Social Security benefits for today’s retirees or near-retirees. President Bush’s Administration has kept the benefit promises made to today’s seniors.

What is the definition of "a near-retiree"?

[xzins]

Since they're reneging on their promise, what's the odds that they'll just give me all my money back with interest? I'll go ahead and invest it on my own.

[Dog Gone]

Just give me back what I've paid in so far, and let me opt out of the system.

[Protagoras]

The Ponzi bubble always bursts.

[freddiedavis]

the day of doom moves closer each day...

[tomball]

Social Insecurity was a program designed to self destruct, and was designed knowing that more benefits would be paid in by its members than the member paying into it would ever receive before they died. Social security/mediscare would be more solvent benefits were only paid to those who paid into it.

Illegals should not be eligible at all. If illegals knew they would not receive ANY unearned benefits in the US, they might not be so prone to cross our borders.

[adam_az]

This is going to get really, really ugly within my lifetime.

[Oldeconomybuyer]

...Greenspan said that it was wrong for the government to hold out the promise of more retirement benefits than it is capable of providing...

It will take the collapse of a couple of European entitlement states before America addresses this problem.

[showme_the_Glory]

Damn.....I just got my future benefits letter last week. I was counting on that income. Looks like now I might just as well retire early......

[afz400]

"Greenspan Warns on Baby Boomer Benefits"
Why isn't he warning about illegal immigrant benefits?

[Smokin' Joe]

I was born in '56. I expect there will be as much left as you'd expect to find in a wheatfield after a plague of locusts by the time I get old enough. The part that irks me is that I have been paying in since I was 14....What a ripoff.

Maybe if the 40,000,000 or so little Americans hadn't been murdered since Roe v Wade, this ponzi scheme could have stayed afloat a little longer...

[tm22721]

The twin pincers of SSI insolvency and age discrimination / unemployment will tear this nation part.

Our kids will NOT support us.

BUMP

[watchout]

Its my money,Not the Government money