If you’re close to retirement age, you’ll get your fair share and then some. But math is math and there aren’t enough workers to sustain SS benefits at their current levels and a bad economy with no job creation only makes it worse.
There’s no way to balance the budget, let alone tackle the debt without major reforms in both SS and Medicare - and yes, there will have to be cuts in benefits down the road. People 55 and above need not worry.
Younger people are slowly adjusting to the fact that SS will look very different for them when they reach their 60’s and in fact, may not be there at all. My 30 something children realize this and are making their own plans.
Again, the math doesn’t lie. We need a President who will look us in the eye and tell us the truth about these programs - charts would help. But Obama and Democrats need to demagogue the issue for political gain. They’ll never tell the truth.
Polls show that most people are in denial and truly believe that other areas of government can be cut enough to keep SS and Medicare solvent. The truth is, they can’t. Those two programs are green headed monsters that are sucking the lifeblood out of the budget and our children’s futures.
Do some research and you’ll see. A good place to start is:
http://market-ticker.org/cgi-mt/akcs-www?forum=Market-Ticker
Randita, as a twenty-something, here's **my** expectation:
1. Social Security won't be there at all.
2. Some beneficiaries will vote for me to pay even higher taxes to pay their benefits.
Does this seem like an appropriate set of expectations?
I will be 64 in December. I am worried and angry. And I vote.