When did he say that ?
Even it I took early retirement at 62 and got $900 per month, that means I would be commanding an ss account worth approx $270,000 (at 4% intr). It would be difficult for me to save 270k between now and age 62, above and beyond my maxed out 401k. I would be loosing.
My strategy is 1/3 retirement income from ss, 2/3 from 401k.
No one has talked about the trillions it will cost and the taxpayers money to subsidize this program and if you say it wont cost the taxpayers thats foolish because in the long run if he borrows the money than the children and grandchildren will have to pay for it. Otherwise how is the money going to be repaid?
He talked about wanting to secure something for our children and grandchildren well raising the deficit by TRILLIONS will be leaving one heck of a legacy to those children and grandchildren wont it? And dont pull the spoken-like-a-liberal card because conservatives do not want their taxes raised to support a program costing that kind of money, nor do conservatives want spending out of control or larger government of which this program is! Additional contributions by those who will benefit is the fair way to go and than it will not cost trillions to implement.