02-24-2013, 06:24 AM
quote:
Originally posted by dwedeking
@Here
The problem is that the math cares neither if you are right or I am right in what should be done. The spreadsheets simply won't support spending more than you take in for eternity.
I've heard the old saying, "If it ain't broke don't fix it." Never heard the one that says, "If it's broke don't bother to fix it. Too bad."
There are multiple ways to fix the social security system. When it was set up, you received your check at age 65. The average life expectancy then was 64. Now we are living longer, and people retire without working for a longer period of time. One solution is to work longer. Every additional year a worker pays into the system is a year delayed that they withdraw from the system. If a person lives to 85, and works until they are 70, they would not collect SocSec money from 65-70 years old, while also continuing to pay in. A net gain of 10 years for the system. They would then still live 15 years with a social security check. A lot better deal than the -1 years the average person received back in the 1930's. That's just one solution, there are many others.
“We do this thing not because it is easy, but because we thought it would be easy.”

