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To: MinorityRepublican

No problem. The only boomers who will be able to retire are those employed by the government. We’ll just keep working, so there won’t be any labor shortages until we die. After that, who cares?


3 posted on 06/11/2008 12:21:43 PM PDT by Daveinyork
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To: Daveinyork
"The only boomers who will be able to retire are those employed by the government."

I fear you are right. I fully expect the Democrats to impose an assets based means test Social Security at some point. Standard IRAs and 401k's (criticized by Barack Obama via his criticism of the concept of an "ownership society", and criticized by Obama's adviser Fr. Pfleger) would be considered "assets". Union and Government pension plans, and Government defined contribution plans (i.e., TSP), and Roth IRAs would not.

To means testing add the removal of the Social Security wage cap and you succeed in turning Social Security into a wealth transfer system. Not what FDR envisioned, but what leftists have desired for the last 40 years.

I have no evidence of such a plan, but it seems the logical conclusion of a leftist political party which uses class-envy as a tool to promote itself.

13 posted on 06/11/2008 12:52:22 PM PDT by magellan
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