Originally posted by: BOBDN
Social Security was never meant to be a retirement program. It was a security net. In this non socialistic country we are suppose to plan our retirement and medical out of our earnings... We should not try to emulated Grand Brittania on the outflow side and not consider the inflow side.... the social cost in europe is staggering.
I really don't care what the intention of SS was. I was forced to contribute to the plan. I expect a benefit. To do otherwise is not only anti-socialist it's plain old fashioned robbery.
If you were the administrator of a retirement plan and after you investors contributed over their lifetime you told them they were not receiving their benefit what would happen to you?
Don't think an entire generation will stand for the government sanctioned robbery of their retirement no matter who is in power or what economic theory is in vogue.
*EDIT*
I forgot to add. I did plan my own retirement. See above. Being forced to participate in SS and Medicare made my planning that much harder. I could have contributed more. Therefore, I demand the retirement benifit as promised.
Who knows if you will be getting it though.