The Mudcat Café TM
Thread #78229   Message #1410397
Posted By: Jim Tailor
15-Feb-05 - 09:54 AM
Thread Name: BS: *Strengthening* Social Security...
Subject: RE: BS: *Strengthening* Social Security...
I wished a pox on both houses but only expressed what bothered me about the Republican's stubborness. The thing that makes me irrate about what the Democrat talking heads on TV are saying is...

They have the gaul to suggest that we all should always have been contributing to private retirement accounts all along -- that SS isn't meant to cover our retirement.

All good and fine, except...

Those most inequitably sufferring from the current SS tax burden are VERY VERY unlikely to have ANY money left for their own accounts after "contributing" 12% to the Social Security tax. AND...

...then, on top of that, SS -- which is sapping the greatest amount of money from them -- a greater amount than housing, food, transportation, education, clothing -- is not going to have the funds to return even an amount that, by the Democrats own admission, would have been insufficient for their retirement.