Quote of the Day
John Kerry interviewed by Tom Brokaw, responding to questions about the missing explosives in Iraq and a statement by Tom Brokaw that Kerry would not have gone to war against Saddam:
"It's absolutely impossible and irresponsible to suggest that if I were president, he wouldn't necessarily be gone. He might be gone. Because if he hadn't complied, we might have had to go to war. And we might have gone to war. But if we did, I'll tell you this, Tom. We'd have gone to war with allies in a way that the American people weren't carrying the burden, and the entire world understood why we were doing it."
--John Kerry
posted by Ron Chusid at 10:13 PM
2 Comments:
As a young women just started working like to have the opportunity to control some of my Social Security Savings by investing in other than in the Government securities. I believe Bush's idea of my own SS account is very good. I have seen people with 401,IRA and other plans are well prepared to face their retired life.
thanks Annie K
The problem is that Social Security is not an investment plan. The money from people now paying in is what pays the benefits for current retirees. If currently employed people put the money into a retirement account rather than Social Security, there would not be money to pay the current retirees. Bush's plan is something which sounds good but which can never really come about.
What is needed is a combination of traditional Social Security along with tax breaks for retirement programs. Social Security is to provide a bare minimum, not be someone's sole source of retirement income.
Another problem with substituting investiment accounts is that htere is no way to predict what will be in the investment account. What do we do if people retire but don't have enough money for subsistance. At least with the present program we know everyone will have a bare minimum.
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