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Terry Wood

Jupiter (clearer) Nov 5th 2023 w/Mewlon 180c

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Social Security & Reality

Started by pkamm, 09/06/2004 05:22AM
Posted 09/06/2004 05:22AM Opening Post
One thing no candidate seems to have the courage to really confront: Social Security -- Bush at least hints at privatization, though even this does not address the macroeconomic crux of the matter: the labor force must support an increasing share of the population that is no longer working.

Whether that support is funnelled through the govt via social security or funneled through the capital markets through dividends and interest, the labor/non-labor ratio is the same macroeconomic problem.

At some point, retirement age will have to increase or benefits will have to decrease (or go away). There is no way out or 'round or through. This is the mathematically inescapable reality. But no one will talk about it.
Posted 09/06/2004 05:35AM #1
I agree with that Paul. I wish someone would talk about it a lot more, Kerry in particular. I'm 52 and have been working my whole life, so I'm rather curious about the future of SS.