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View Diary: The anti-AARP campaign begins (677 comments)

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  •  You can't increase savings (4.00)
    By borrowing the money to fund the savings.

    You cannot pay the same level of benefits by withdrawing a substantial part of the money going into paying benefits.

    Keeping Social Security as a guaranteed, minimum benefit for everyone is very important.  Everyone who lives longer than the average gets more out of Social Security than they put in.  You can never outlive Social Security, unlike private savings.  If you die early, you won't care--you won't need the money.

    That said, it is very important to save on your own, to the maximum you can.  But do it truly on your own, not with the government telling you what and how much you can save, and what you have to do with it, as in the Bush plan.

     

    If you're going in the wrong direction and you stay the course, where, exactly, do you wind up?

    by Mimikatz on Mon Feb 21, 2005 at 02:57:27 PM PST

    [ Parent ]

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