] Claire Buchan, a White House spokeswoman, said the
] administration has already looked into ways to compensate
] for future crunches on resources, pointing to a 2002
] White House appointed commission that advocated phasing
] out Social Security options for younger workers while
] allowing retired and near-retired persons to keep their
Social Security is a wealth redistribution system. Admit it. Thats what it is. When it started it was, on a demographic basis, taking money from the rich and giving it to the poor. The reason its going to fail is that, on a demographic basis, its now stealing money from the poor and giving it to the rich. We ought to accept that its a wealth redistribution system and run it like one. You ought to get it only if you need it, and it ought to suck just enough that most people won't want it. I'm all for raising the amount of money one can put in tax deferred personal savings accounts if we can do that without bankrupting the government. However, the path to fixing social security is to see it for what it is and run it appropriately. In order to do that the people making decisions about it are going to have to agree to cut their own potential income. For the most part, politics doesn't work that way. So if you're between the ages of 20 and 40, prepare to get fucked, because you are the smallest generational demographic, and thus you have the smallest amount of democratic political power. You will witness the very definition of tyranny of the majority in your lifetime.
Good news -- and bad -- for baby boomers, says AARP