Write Lightning is a blog from writer Deb Thompson.
Everyone is welcome here.
(Some links or topics may not be completely kid-appropriate.)




Mon, May 02 2005

Benefits From Reform?

I'm hearing a lot of this kind of talk right now among Baby Boomers. What I don't understand about all this is how it became a thing we must fix in a big hurry after decades of nothing much changing at all. If you go to the government's site on Social Security and take a look at the FAQ you can see just how crazy things are, with the first few questions being answered with "no plans to reduce benefits for current retirees" to the sudden warning to those age 35 (and younger) that their scheduled benefits "could be cut by 26 percent" (followed by a warning that the cuts could be even deeper). Is all this just an example of people procrastinating until the last minute to change things? Has everyone been in denial for the last 70 years? When workers first began paying into the system the taxes were something like 2 percent. If you check your most recent payroll check I do believe you'll find that's gone up significantly. And that didn't happen overnight.

About fifteen years ago my husband told me he would gladly give up every penny he had ever paid into Social Security up to that point if he could have all his payroll money from that day forward, to invest for retirement as he saw fit. That wasn't allowed, of course. Now we're being told that young workers should definitely be investing their own money, but that isn't really the case either. The government would still limit the ways in which the young workers can invest.

If we're going to put almost everyone on the doles, we need to just do it and suck the taxes out of everyone to pay for it and stop whining. If we're going to make young workers do it all on their own we should let them do it without the government personnel and politicians "helping", since they have apparently failed miserably at handling all this. Let the young workers invest their money as they see fit. Let's not make them put their money in this certain "choice" of five programs or that certain kind of account. A schizoid version of privatization isn't privatization at all.

There is also political talk of cutting Social Security benefits for those who earn a larger income. And, oh yes. While we're at it, we might as well have those who earn more money have more taken out of their current pay checks to help those who don't make as much money. Why would be penalize people for doing well financially? With this kind of thinking we might as well have everyone paid minimum wage and just put them on some retirement dole right now. What good is making a lot of money if all it gets you are cuts in benefits and increasingly higher taxes to pay for those who may not have planned as well for retirement?

It might be too late for we Boomers to save ourselves, but we can certainly stand on the side of people just entering the work force. Young people, don't let them sell you down the river. Stand up and fight for your money right now, before you fall through the cracks the way we have.

posted at: 06:52 | category: /Politics | link to this entry



Quote Of The Moment
Start a 'stop-doing' list...'Stop-doing' lists are more important than 'to-do' lists.
--Jim Collins
Categories
Arts and Entertainment
Food
Health and Fitness
Miscellaneous
Playing
Politics
Religious and Spiritual
Science
Writing Life
Some of the Blogs I Like
Adrian's Science Fiction Starter
Angelahoy.com
angelweave
annecentral
Big Stupid Tommy
Blog Catalog
Christina Waters
Detectives Beyond Borders
Faith in Fiction
The Fire Ant Gazette
Jay Michael Rivera
Keystone Military News
Orange Crate Art
PI Buzz
Rabid Librarian's Ravings in the Wind
San Diego Soliloquies
TED Blog
Blog Resources and Blog Tools
The Ageless Project
Blogarama
BlogPulse
BlogShares
BlogSweet
Listed in LS Blogs
Kmax
The Blog Herald
Listed on Blogwise
Ping-o-Matic!
Some of my other web pages
Deb's Monthly Review
Stories
Deb's Writer Cam

Writer Links
Writers' Resources
Hatch's Plot Bank
Instant Muse Story Starter
The Memes List
General Store
Stetson Hats
Levi Strauss & Co.
Jaxonbilt Hat Co.
River Junction Trade Co.
Head 'N Home
Archives
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004
September 2004
August 2004
July 2004
June 2004
May 2004
April 2004
March 2004
February 2004
January 2004
December 2003
November 2003
October 2003
September 2003
August 2003
July 2003
Hang Hat Here
Write Lightning button       RSS         email Deb

Follow me on Twitter


Stealin' copy is as bad as horse-thievin'
and cattle rustlin'! Lightning may strike
such varmints when they least expect it!