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- Jan 24, 2009
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I've never done the math but I think that 54 years of ss with say a modest 3% interest would come to about what I can expect to get from SS when I retire. The problem lies in what Tallman wrote. The gov can't keep their fingers out of it. At expected payout rates it will be down to 75% payments by 2037. Of course I think stronger minds will prevail and do what needs to be done. Rates either need to increase or caps on taxed income need to be raised. There are too many people that have been paying in for years to just cut the program off.
As far as the way the govt runs things. They aren't really any worse than corporations. They just don't cheat as much.
As far as the way the govt runs things. They aren't really any worse than corporations. They just don't cheat as much.