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Recently posted as headline on Newsmax.com
1 posted on 01/04/2005 12:46:03 PM PST by RetiredArmy
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To: RetiredArmy

Well of course it would be cut, they will have a part of what they would have got in a savings account somewhere. Where is the news in this?


2 posted on 01/04/2005 12:50:11 PM PST by stopem
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To: RetiredArmy
the monthly promised benefit of $2,032 would be cut by 45.9 percent to $1,099 a month.

Ummm...someone needs to invest in a calculator.

4 posted on 01/04/2005 12:55:19 PM PST by ravingnutter
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To: RetiredArmy

My wife and I both hope we can get our money out of this ponxy scheme. We woulf love to invest it our way. And yes we are investing and planning a retirement based on the assumption that SS will not be there.


7 posted on 01/04/2005 1:04:03 PM PST by TXBSAFH (Never underestimate the power of human stupidity--Robert Heinlein)
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To: RetiredArmy
One would hope the old would be cut as they new will be two to four times more that they would expect from regular social security and taxes will not have to be raised 60 to 70% to pay for the system.
9 posted on 01/04/2005 1:10:57 PM PST by YOUGOTIT
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To: RetiredArmy

How about just raising the retirement age one month every year?


14 posted on 01/04/2005 1:49:39 PM PST by eccentric (aka baldwidow)
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To: qam1

Ping to the list!


15 posted on 01/04/2005 2:34:37 PM PST by LibertarianInExile (NO BLOOD FOR CHOCOLATE! Get the UN-ignoring, unilateralist Frogs out of Ivory Coast!)
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To: RetiredArmy

Even if the social security money wasn't invested, just having it in savings and building up would make quite a little nest egg.


20 posted on 01/04/2005 3:08:26 PM PST by HungarianGypsy
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To: RetiredArmy
remake the system to let younger workers divert some of their payroll taxes into personal investment accounts.

I wonder what the definition is "young" is here. I'm 46. I hope I'll be able to invest some of my SS into a private account.

25 posted on 01/04/2005 6:35:25 PM PST by alnick
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To: RetiredArmy
Well I'm not disappointed, considering I don't think there should be any such program Social Security in the first place....please just stop taking my money away from me!!!!
27 posted on 01/04/2005 6:45:30 PM PST by KoRn
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